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Consolidated Analytics Acquires Carrington Property Services

Consolidated Analytics has acquired Carrington Property Services, bringing the company a step closer to offering a one-stop services solution to clients. The acquisition, which was finalized Feb. 1, 2019.

Consolidated Analytics is adding REO asset management, rental management and valuation services for non-performing borrowers to a product line that includes property valuation, loan due diligence, mortgage fulfillment and advisory services to the real-estate finance industry.

"Mortgage industry participants are looking for a streamlined, scalable, and centralized way to effectively evaluate and manage their real estate assets," said Arvin Wijay, CEO of Consolidated Analytics. "The acquisition of [Carrington Property] boosts our infrastructure, resources, technology, and support functions, which will improve productivity and accelerate returns at every aspect of the asset management lifecycle."

In recent years, Consolidated Analytics has enhanced its mortgage-services platform by expanding its internal operations, technology and servicing capabilities. Also, through strategic acquisitions in Equitable Mortgage Solutions, a mortgage fulfillment provider, and OpEXNow, a leading mortgage operations advisory firm.

Affiliates of Eos Partners and Seal Rock Partners financed the acquisition of CPS. Eos is an alternative investment firm that actively invests in the private equity, credit and public equity markets. Seal Rock is the family-backed private equity investment affiliate of Jonathan and Edward Cohen that acquires and builds businesses with equity investments in growth companies of $10 to $50 million.

"By re-investing in our business, we can offer our clients more value, improved execution, and a better customer experience," said Rudy Zabran, chief revenue officer at Consolidated Analytics. "We have carefully planned out our growth path to ensure our clients stand to gain the most."

 

 

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