Fidelity completes acquisition of Hansen Quality Loan Services
Fidelity National Financial, Inc. (NYSE: FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, today announced the acquisition of the remaining 45 percent of Hansen Quality Loan Services, Inc. (Hansen) that it did not already own. Hansen is a nationwide leader in providing collateral risk assessment and valuation services to the mortgage banking and investment banking industries.
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Hansen is focused on providing collateral score products and automated valuation models. A collateral score is helpful in measuring the adequacy of collateral securing a loan, similar to a credit rating that helps to measure the creditworthiness of a borrower. Hansen's collateral score products include quality control of closed loan appraisals, loan portfolio assessment for securitization or sale, collateral evaluation at the outset of the underwriting process and risk analysis in the extension of credit.
"Hansen has been a strong contributor to our real estate information services group since the acquisition of a majority interest by Fidelity National Information Solutions in May 2002," said Chairman and Chief Executive Officer William P. Foley, II. "It is an integral component of the broadest, most innovative suite of valuation and appraisal products serving the financial community. We are excited about acquiring the remaining 45 percent and fully consolidating Hansen's revenue and earnings in the future."