Radian Group Inc. has acquired Independent Settlement Services, a national appraisal and title management services company. The acquisition is consistent with Radian’s growth and diversification strategy, and its focus on the core product offerings of its Title, Mortgage and Real Estate Services businesses.
Independent Settlement Services provides real estate information and valuation solutions in all 50 states, and offers proprietary disruptive technology through Vendor Information Bridge (VIBe), a web-based, fully-integrated, real-time vendor management and settlement services technology system. VIBe provides lenders, appraisers, servicing firms, due diligence firms, and appraisal-management companies with a fully-automated platform to manage the ordering and delivery of products and services.
“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,” said Radian’s Chief Executive Officer Rick Thornberry.
Independent Settlement Services will operate under its current brand and continue to provide the same level of quality products and services to its customers through its office in Pittsburgh, Pennsylvania. Ed Chezosky, one of the company’s founders, along with the existing senior management team, will continue to lead the day-to-day operations with a focus on serving their customers and growing their business, as well as exploring additional opportunities to offer new and existing services to Radian’s established customer base. 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.