Consolidated Analytics, a provider of property valuation, loan due diligence, mortgage fulfillment and advisory services, recently announced the acquisition of third-party REO assets management firm Carrington Property Services (CPS).
The acquisition broadens Consolidated Analytics' scope of services and enhances its value proposition to its capital markets clients. The move also supports the company's long-term growth plan centered on providing the real estate finance industry with a one-stop services solution.
"Mortgage industry participants are looking for a streamlined, scalable, and centralized way to effectively evaluate and manage their real estate assets," said Arvin Wijay, CEO at Consolidated Analytics CEO. "The acquisition of CPS boosts our infrastructure, resources, technology, and support functions, which will improve productivity and accelerate returns at every aspect of the asset management lifecycle."
The deal cements Consolidated Analytics’ leadership position in the property valuation and management space, and significantly augments its due diligence capabilities for non-performing loan buyers.
"By re-investing in our business, we can offer our clients more value, improved execution, and a better customer experience," said Rudy Zabran, chief revenue officer at Consolidated Analytics. "We have carefully planned out our growth path to ensure our clients stand to gain the most."