Industry News

Fidelity increases stake in valuation service

Purchases national collateral risk assessment provider

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Fidelity National Financial has purchased the remaining 45 percent of Hansen Quality Loan Services, a national provider of collateral risk assessment and valuation services to the mortgage banking and investment banking industries. Fidelity acquired a majority interest in Hansen in May 2002. Fidelity provides products and outsourced services and solutions to financial institutions and the real estate industry. 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. *** Send a Letter to the Editor for publication.Send a comment or ne...