TransUnion Acquires Atlantic Assurance Group
|March 28, 2003|
CHICAGO, /PRNewswire/ -- TransUnion Settlement Solutions, Inc., a wholly owned subsidiary of global solutions provider TransUnion LLC, announced has acquired the Atlantic Assurance Group, a national mortgage information and vendor management company based in Charlotte, N.C. Terms of the deal were not disclosed.
The acquisition enhances TransUnion's residential lending process solutions, and reinforces the company's leadership position in the real estate settlement services industry. "Atlantic Assurance Group is highly respected in the industry and we are pleased to welcome their employees, customers and partners to the TransUnion family," said Rick Lynch, president of TransUnion Settlement Solutions. "Their offering will augment our nationwide, single source solution for residential lenders, further enabling us to provide our customers with the tools they need to close loans quickly and effectively."
The Atlantic Assurance Group consists of Atlantic Assurance Company, Atlantic Closing Services and Atlantic Technology Group. The privately held Atlantic Assurance Group has more than 300 employees, serves all 50 states and, in addition to the Charlotte location, has offices in Kingsport, Tenn., and Richmond, Va. Atlantic offers services such as title reporting, title insurance, real property valuation, closing and settlement services, flood zone certifications and land surveys.
TransUnion's residential lending services are delivered through its subsidiary, TransUnion Settlement Solutions, Inc., a provider of real estate information, settlement services and process management solutions to the residential lending industry.
Source: TransUnion Settlement Solutions, Inc