Assurant Mortgage Solutions will become part of Xome, a Texas-based technology provider
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Risk management company Assurant has agreed to sell its Assurant Mortgage Solutions business to Xome, a Texas-based provider of technology and data products for homebuyers, sellers, real estate agency and mortgage origination and servicing companies.
The sale, which closed Wednesday, encompassed all of the Mortgage Solutions business, including title, valuation, mortgage technology and field services. Nearly all of Assurant Mortgage Solutions’ employees will join Xome.
“Successful execution of our profitable growth strategy requires us to align our resources with our best opportunities,” said Michael Campbell, president of Assurant Global Home. “Our sale of the Mortgage Solutions business is driven by our ongoing desire to focus on lines of business where we have leadership positions, as well as to strengthen our offerings and capabilities in lender-placed homeowners’ insurance, multifamily housing, and the connected home. Assurant will work closely with Xome to ensure a smooth transition of the business for its clients, employees and business partners.
“In recent years, the Mortgage Solutions business has gone through a transformation in processes and technology,” Campbell said. “The acquisition by Xome is a natural fit for the Mortgage Solutions product portfolio and will give the business the scale it needs to reap the benefits of those investments.”
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