Mortgage

Portal that has its sights set on Zillow acquires Title365 for $36 million

Solutionstar out to turn HomeSearch.com into marketplace that outdoes Zillow, Trulia and realtor.com

In another step in its quest  to build an end-to-end real estate marketplace that will outdo top real estate portals Zillow, Trulia and realtor.com, HomeSearch.com operator Solutionstar is set to acquire title insurance and settlement services provider Title365. Eric Swenson The $36 million cash deal is expected to close in January, and could amount to more if Title365 meets performance targets and key employees stay on board, Solutionstar said. Eric Swenson, chairman of Title365, will continue to lead the Newport Beach, California-based company. Title365 has more than 400 employees. Title365 counts residential real estate brokers, mortgage and financial institutions, asset managers and independent escrow agents as clients. The company's platform allows all parties in a transaction to track orders from start to finish in real time. Customers can also research millions of properties, pull good faith estimates of title and escrow fees, download recorded documents, print...