reQuire Acquires Provider of Risk Management Services
April 7, 2016
reQuire LLC, a provider of compliance and risk management solutions to the real estate settlement services industry, has acquired several business units of Atlanta-based Covius LLC.
Covius is a provider of risk management and compliance-related services and technology to the mortgage industry. Financial terms of the asset-purchase transaction were not disclosed. Through this agreement, reQuire adds Covius’ residential, commercial and technology business units to its existing release tracking and title curative businesses.
“The acquisition of Covius advances reQuire’s focused growth strategy and expands the company’s reach,” said Linda Aparo, director of sales and marketing at ReQuire. She noted that the Covius and reQuire brands will operate independently in the near term.
Since 1996, Covius has provided mortgage advisory and technology services to the residential and commercial real estate finance industries, including:
The three Covius business units are largely risk management and compliance related and align well with the core mission of require, according to Michael Cozzocrea, Covius’ managing director. The combination of the two businesses will give reQuire deeper positioning within the lending community, large insurers and government sponsored agencies.
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