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DS News November 2019

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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» VISIT US ONLINE @ DSNEWS.COM 89 and outsourced services, and we see a360inc as the company to lead that change," said Mike Bryant, Partner at Knox Capital. "a360inc follows our approach perfectly, matching Knox's experienced executive tal- ent with a management and leadership team that holds a clear strategic vision," said Alex Gregor, Founder of Knox Capital. a360inc also recently announced the inclu- sion of three mortgage servicing and investor- focused technology solutions from CoreLogic to its platform: VendorScape, iClear, and CMAX. Prior to that, a360inc acquired KM- CIS, Inc. in 2017, which brought the leading case management software for creditors rights' law firms, CaseAware, into the a360inc family. Between 2014 and 2016, the company acquired the technology and managed services platform assure360, the C2C Title Solutions business, and the Firm Solutions practice management and consulting group. Additional terms of the deal were not disclosed. Marks Baughan Securities acted as the exclusive financial advisor to a360inc. tion. It makes sense that their ideals align for this acquisition; I applaud the strategic move to better serve their clients, and our industry," said Ed Delgado, CEO and President of Five Star Global. MCS, based in Lewisville, Texas, is a national mortgage services company that pro- vides property inspection, property preserva- tion, REO property maintenance, and other mortgage-related services. "Combining the outstanding client focused capabilities of M&M Mortgage Services with the advanced technology and scale of MCS will enable superior service delivery to our new clients. While mortgage defaults are at historic lows, MCS has focused on improv- ing efficiency while perfecting our service delivery," Reaves told DS News. "At the same time, expanding our customer base and grow- ing market share has been and will continue to be a priority. We are very excited about this transaction as it further strengthens the MCS brand and provides benefits and opportunities for our clients, employees, and stakeholders." Knox Capital Invests in a360inc Carrollton, Texas-based legal and financial services technology provider, a360inc has an- nounced that Chicago-based Knox Capital, an affiliate of Morgan Stanley Private Credit and ORIX Mezzanine & Private Equity, has made a strategic investment in the company. With this new capital investment, a360inc plans to accelerate the strategic expansion and improvement of its technology and services in the creditors' rights market through direct investment and acquisition. "Today's default market is primed for modernization and evolution, and this invest- ment allows us to focus on the future," said Scott Brinkley, CEO of a360inc. "a360inc sees a massive opportunity in creating a market- leading technology and services platform built around all vendor constituents in our ecosystem: from law firms and their vendors to the ultimate end-client: mortgage servicers and investors." e company said that the Knox Capital investment allows a360inc to immediately pur- sue additional acquisitions that fill gaps in the company's offerings while facilitating further advances and cross-platform integration of its current technology and outsourced services. "We're excited to partner with Scott and the team he's built to help lead a360inc into the future. e market is well-positioned to continue to adapt and evolve with technology Puerto Rico Real Estate Opportunities Lic. E-109 Based in San Juan, Puerto Rico OFFICE: 787.763.7202 | CELL: 787.309.3452 FAX: 787.282.0461 Gretchen@REOPuertoRico.com REOPuertoRico.com Gretchen García Lic 16825 Broker/Owner THE LEADER IN DEFAULT SERVICING NEWS Help shape the next issue of DS News. Drop us a line at Editor@DSNews.com. was the serious delinquency rate in Houston, Texas, just six months after Hurricane Harvey. Source: CoreLogic STAT INSIGHT 2.5%

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