Stewart Lender Services has purchased a majority ownership interest in PMH Financial from Braddock Holdings Co., expanding its capabilities in the default management and real estate owned segment.
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Terms of the deal were not disclosed.
PMH's management is retaining its minority share of the company's ownership.
PMH's business also includes short sales management, collateral valuation, subservicing, loan review, and due diligence services to national and regional lenders.
Stewart Lender Services, a subsidiary of Stewart Title Co. of Houston, will give PMH a stronger financial footing to compete against larger firms, as it has a much larger balance sheet than Braddock.
