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Stewart Acquires Reverse Mortgage Leader Fnc Title Services, Llc

Oct 04, 2022•almost 3 years ago

Acquiring Company

Stewart Title Guaranty Company

Acquired Company

Mortgage Leader

HoustonInsuranceReal Estate

Description

Stewart Information Services Corporation (NYSE-STC) today announced the acquisition of FNC Title Services, LLC (FNC), along with the signing of an agreement to acquire FNC Title of California pending approval of the California Department of Insurance. FNC is a full-service title and settlement company specializing in reverse mortgage closings, headquartered in Rockville, MD. The company has built a multi-domain national platform, servicing the top 25 reverse mortgage lenders across the country.

Company Information

Company

Stewart Title Guaranty Company

Location

Houston, Texas, United States

About

Stewart Title Guaranty Company offers title insurance and related services. As a part of Stewart's suite of solutions, it aims to provide extensive resources for clients in real estate transactions. The company adapts to industry standards to enhance service offerings. It focuses on creating a seamless experience for its clients.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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