Stewart Lender Services (SLS), a Stewart ® company and leading provider of Servicing and Mortgage Origination Support Services, announced today that it has acquired key assets of Allonhill, LLC., the industry leading due diligence and risk management company, which is located in Denver, CO. The transaction solidifies Stewart’s intense focus on providing quality and compliance services for the mortgage market.
Sue Allon, new Stewart Lender Services vice chairman, and Jason Nadeau, Stewart Lender Services president and CEO seal the deal on transaction to solidify Stewart's intense focus on providing quality and compliance services for the mortgage market. (Photo: Business Wire)
Utilizing the technology and talent from this transaction, Stewart will add due diligence, loan quality reviews, compliance solutions and servicer performance management to its suite of products provided to the mortgage servicer and investment community. In addition, Allonhill’s team of recognized industry experts is joining the Stewart family. “With loan quality and compliance being in the forefront of industry concerns, we couldn’t be more excited to have some of the most well-known and experienced staff in the industry joining our operations,” said Jason Nadeau, president and CEO of Stewart Lender Services. “Through a combination of the staff, industry-leading technology and Stewart’s resources, this transaction brings us tremendous strength at a time when this segment of the market is re-emerging.” In addition to other key staff members, Sue Allon is joining Stewart Lender Services as Vice-Chairman, dedicated to leading Stewart’s emergence into the capital markets space with due diligence and oversight services. Stewart has also acquired the industry-leading technology developed at Allonhill. This technology includes a due diligence platform tailored to the in-depth assessment of each client's needs and portfolio characteristics, including configuration that enables easy drill down to specific details of an individual loan, filter on any specific loan characteristic, and offer ad-hoc modifications of review requirements.