QuestSoft acquires data verification, audit services provider

by Francis Monfort05 Feb 2018
QuestSoft has announced its purchase of data verification and audit services provider IMARC, an acquisition that aims to ease loan audits for the company’s customers.

With the deal, QuestSoft adds IMARC’s services to QuestSoft Verifications, its new verification and audit services division.

The division will now bring IMARC’s services to QuestSoft’s existing 4506-T and SSA-89 capabilities. It will offer QuestSoft customers verification of employment, verification of income, asset and occupancy verifications, as well as full loan audits. The company said this eliminates the need for manual orders to verify all information needed to ensure loan compliance.

“Combining IMARC’s verification and audit services with QuestSoft’s compliance software gives lenders a one-stop shop for all of their compliance needs,” said Leonard Ryan, founder and president of QuestSoft. “IMARC also brings with it a strong tradition of outstanding customer service and a dedication to providing high-quality services quickly and efficiently, blending well with the QuestSoft commitment to our customers.”

Following the acquisition, IMARC employees have transferred to QuestSoft’s Laguna Hills, Calif., corporate headquarters. IMARC founder Bob Simpson has also joined QuestSoft as senior vice president and director of the verifications division.

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