Several recent acquisitions of mortgage industry service providers include an agency delivery service, a commercial mortgage analysis firm and a mortgage industry public relations firm. Also being acquired is a company that claims to be one of the biggest default service providers.
Mortgage Delivery Specialists LLC announced last month that it acquired Mortgage Data Management Corp.’s agency delivery, servicing analysis and staffing services product lines. Sussex, Wis.-based MDMC is an 18-year-old firm that specializes in agency delivery services.
MDMC principal Doug Lackey will serve as a managing director for Mortgage Delivery Specialists.
Moody’s Analytics announced on Jan. 20 the acquisition of Commercial Mortgage Metrics from CBRE Econometrics Advisors. The purchase includes an analytical model for assessing default and recovery risk for commercial real estate — which Moody’s has already integrated with its RiskAnalyst.
Commercial Mortgage Metrics was originally developed as a joint venture between Moody’s and CBRE.
Indelium LLC was acquired by the Collingwood Group, a news release last month indicated. Washington, D.C.-based Collingwood was co-founded last year by former Ginnie Mae president Joe Murin.
The new business will operate as Collingwood Communications and focus on public relations for financial services and the mortgage industry. David Jeffers was appointed president and chief executive officer of the new operation.
The acquisition of Default Servicing Inc., Professional Title & Abstract Company of Florida and the non-legal foreclosure operations handled by the Law Offices of David J. Stern, P.A., has been approved by shareholders of Chardan 2008 China Acquisition Corp., according to a Jan. 11 press release. The acquisition will be achieved through the purchase of a controlling interest in DAL Group LLC.
At the closing, Chardan 2008 China Acquisition will change its name to DJSP Enterprises Inc. The combined 1,000-employee firm “will be one of the largest providers of processing services for the mortgage and real estate industries in Florida and one of the largest in the United States,” the statement said. Among its clients are 17 of the top 20 U.S. mortgage servicers.
