Situs Completes Acquisition of MountainView Financial Solutions

Situs, a provider of strategic business and technology solutions to the real estate industry, has acquired MountainView Financial Solutions, a valuation and risk analytics business for the financial services sector.

“MountainView is the premier valuation and brokerage platform for mortgage servicing rights, hard-to-value securities and whole loans, and has a well-earned reputation as an elite provider of risk management analytics for financial institutions,” says Steve Powel, CEO of Situs, in a release. “Together with our 2017 acquisition of The Collingwood Group, the MountainView transaction expands our set of capabilities and positions Situs as the trusted advisor of choice within the continually evolving housing finance market, and puts Situs at the nexus of real estate and Fintech.”

Terms of the deal, which was first announced earlier this month, were not divulged.

MountainView’s professionals will work alongside Situs to deliver a spectrum of risk management and transaction services, and build on the group’s foundation of valuation and regulatory advisory services, Situs says.

“MountainView’s breadth of services is a natural extension of Situs’ existing analytics offerings,” says Michael Morgan, CEO of MountainView. “As a part of the Situs family, MountainView will be able to leverage Situs’ existing tools, resources, data and partnerships to further develop our combined analytics framework, enhance our models and extend our offerings into new asset classes and to more clients.”

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