Wolters Kluwer Financial Services, a Minneapolis-headquartered provider of compliance, content and technology solutions and services for financial organizations, has signed an agreement to acquire substantially all of the assets of Stewart Lender Services' flood determination business.
Based in Houston and a subsidiary of Stewart Title Co., Stewart's flood determination division provides solutions including basic certification, basic plus life of loan, portfolio review and commercial flood determinations.
Wolters Kluwer Financial Services' PCi line of flood determination solutions and Stewart's flood determination division offer similar services, the companies note. The acquisition is expected to close in the first quarter of this year. Terms of the agreement are not being released.
