Radian Group has acquired Independent Settlement Services, a national appraisal and title management services company.
Radian Group said the acquisition is part of its growth and diversification strategy and reflects its focus on the core product offerings of its title, mortgage, and real estate services businesses.
“We are pleased to welcome Independent Settlement Services to the Radian family of companies, expanding our capabilities and providing our customers with the real estate information and valuation solutions they need, powered by best-in-class technology,” Radian CEO Rick Thornberry said.
Independent Settlement Services will operate under its current brand and continue to provide the same products and services to its customers through its office in Pittsburgh. Ed Chezosky, one of the company’s founders, will continue to lead the day-to-day operations along with the existing senior management team.
In the coming months, Independent Settlement Services will transition to the new One Radian brand identity as an integral part of the company’s real estate services business.