Assurant Specialty Property Acquires eMortgage Logic

first_img Assurant Specialty Property eMortgage Logic 2014-09-04 Ashley Harris in Featured, Headlines, News About Author: Ashley Harris Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save  Print This Post The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Ashley R. Harris is the Editor-in-Chief for MReport and TheMReport.com and the acting Editor-in-Chief of DS News and DSNews.com. Ashley has years of experience as a financial writer having worked at The Houston Chronicle and Newsweek. She received her B.S. in journalism from the University of Houston and her M.S. in journalism from Columbia University School of Journalism. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago September 4, 2014 1,533 Views Assurant Specialty Property announced on Thursday it acquired eMortgage Logic, LLC in an effort to expand its risk management offerings for the mortgage industry. eMortgage Logic is a provider of residential valuation products and valuation technology services.Assurant acquired eMortgage Logic for an initial payment of $17 million in cash, with a possible earnout payment based on future performance, according to the company.“This acquisition builds on our core strengths in serving the mortgage industry,” said Gene Mergelmeyer, president and CEO of Assurant Specialty Property. “More than ever, we can serve mortgage originators, servicers and capital markets investors with a comprehensive suite of risk management solutions, from insurance to valuation to property preservation. eMortgage Logic augments our existing offerings and supports our business strategy, as we work to provide end-to-end services to mortgage and lending institutions.”Based in North Richland Hills, Texas, and founded in 2002, eMortgage Logic, which will retain its brand name, is expected to generate approximately $35 million annually in fee income from mortgage servicing and capital markets customers, according to company sources.“We’re thrilled to join Assurant, a leader in risk management for the mortgage industry and a Fortune 500 company with a strong financial foundation,” Sells said in a statement. “In this dynamic environment, local market valuation is a vital part of managing risk. We look forward to the opportunities created by this combination, which will enable us to better serve our clients’ evolving needs.” Assurant Specialty Property Acquires eMortgage Logic Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Assurant Specialty Property eMortgage Logic Servicers Navigate the Post-Pandemic World 2 days ago Home / Featured / Assurant Specialty Property Acquires eMortgage Logic Demand Propels Home Prices Upward 2 days ago Previous: DS News Webcast: Friday 9/5/2014 Next: Employment Growth Falls Well Short of Expectations for August Sign up for DS News Daily Subscribelast_img read more