Stewart Acquires FNC Title Services
October 6, 2022
Stewart Information Services Corp. acquired FNC Title Services LLC (FNC). Stewart also signed an agreement to acquire FNC Title of California pending approval of the California Department of Insurance.
“As more and more homeowners are looking at home equity as a viable retirement savings, the demand for reverse mortgages is increasing, and FNC has built one of the largest and best settlement service providers for reverse mortgages,” said Stewart CEO Fred Eppinger. “As in any real estate market, technology and innovation are key to success, and by leveraging Stewart’s products and platforms, FNC will be able to deliver security and ease-of-use to a growing market segment.”
Rockville, Md.-based 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.
“Stewart has the same commitment to customer service that FNC has,” said Ali Farahpour, Chief Executive Officer of FNC. “This commitment, coupled with Stewart’s immense resources and technology, will help position us to provide the prioritized service our lender partners expect and require. We take great pride in servicing borrowers looking for ways to tap into their home’s equity, including our nations’ senior citizens. By joining the Stewart family of companies, we enhance our capabilities to provide them value-added products and services.”
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