**By Tony Garritano**
***In recent weeks we’ve heard about a few acquisitions. My guess is that we’ll hear about more going forward. The market is tough and the weak are getting acquired by the stronger companies that are better positioned to become the next industry leaders. For example, PROGRESS in Lending has learned that TD Service Financial Corp., a provider of services to the mortgage industry, has acquired Security Connections, Inc. Here’s the scoop:
****The Idaho Falls, Idaho-based company provides outsource solutions to the mortgage banking industry. It will operate as a wholly-owned subsidiary of TD Service Financial Corporation, Inc., and retain its brand identity. Going forward, the firm will market itself as ‘Security Connections, a member of the TD Service Financial Family’.
****TD Service Financial Corporation, through its TD Service Company subsidiary, provides specialized services in the areas of default, lien release, assignments, and document retrieval through the use of custom software. Another subsidiary, Trustee’s Assistance Corporation, provides posting and publishing services.
****According to Dale L. Dykema, who started TD Service Company in 1964, the acquisition of Security Connections allows his company to offer an entirely new line of business.
****“This integration should represent a particularly compelling value proposition for our mortgage banking clients,” says Mr. Dykema, who still serves as TD Service Financial’s CEO and Chairman. “Because there’s such a natural fit for Security Connections’ services, I believe the whole of our combined company will represent more than than just the sum of its parts.”
****Security Connections offers a comprehensive line of file management services aimed at the mortgage banking industry. Focusing primarily on document imaging, long-term record storage and full service post closing solutions. In addition, the firm provides assignment processing, document retrieval, and lien release processing.
****“Operating under the larger TD Service Financial Corporation umbrella will allow Security Connections to reach a substantially larger marketplace,” said Karleen Maughan, the company’s founder. “More than that, the strength of our combined companies will provide access for their customers to additional lines of services.”
****In addition to TD Service Company and Security Connections, California-based TD Service Financial Corporation is the parent of TD Service Company of Arizona, TD Service Company of Washington, and Trustee’s Assistance Corporation. The firm was recently awarded the LPS Default Solutions Performance Excellence Award, and has been top-rated since 2009.
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at firstname.lastname@example.org.