According to a release issued Monday, the entire Wetzel Trott team is joining Stewart, building upon the company’s existing loan review and due diligence product offerings and strengthening its origination and servicing quality control.
“This transaction expands Stewart’s quality control services to mortgage lenders and servicers in a time when regulatory compliance and loan quality solutions demand is at its height,” said Jason Nadeau, group president at Stewart. “We believe that services dedicated to improving loan quality will continue to be critical to our customers.”
Headquartered in Michigan, Wetzel Trott performs quality control reviews on a wide range of conventional and government loans, working in accordance with the requirements of Fannie Mae, Freddie Mac, HUD, the Veterans Administration, the Federal Home Loan Banks, and private investors.
The firm also provides its Web-based workflow origination quality control software for sale on a hosted basis.
“We are pleased to be joining the Stewart family,” said Jan Wetzel, founder and CEO of Wetzel Trott. “Our dedication and focus on compliance and due diligence mirrors that of Stewart’s, and we have found a great home to continue to grow this service for the mortgage market.”