Original article featured on Housingwire.com.
In 2014, SWBC, which has been providing insurance, mortgage and investment services to financial institutions for four decades, acquired Equi-Trax Asset Solutions and Quality Valuation Service and combined the expertise of those companies with its own LendingXpress platform, creating SWBC Lending Solutions. The new company is designed to meet all the settlement service needs involved in originations and default management.
“SWBC saw a market opportunity to build out a vendor services company given the CFPB vendor oversight directives and consolidation in the industry,” said Ted Robinson, CEO of SWBC Lending Solutions.
Guided by its unswerving commitment to compliance, SWBC set about hiring some of the best talent in the compliance field, including Chuck Mureddu, who had been managing partner with QVS. Mureddu, who has more than 30 years of experience in mortgage lending, including appraisal management, enterprise risk, loss mitigation and whole loan exit strategies, joined SWBC as senior vice president and chief valuations officer.