Magazine article Mortgage Banking

ATM, Equifax Establish Joint Venture

Magazine article Mortgage Banking

ATM, Equifax Establish Joint Venture

Article excerpt

ATM Corporation, Moon Township, Pennsylvania, has formed a joint venture with Equifax Inc., Atlanta, to launch a national settlement-services company. Equifax Settlement Services LLC will provide a complete set of mortgage-settlement offerings, including title, closing and appraisal services, according to Dann Adams, group executive, Equifax North America Information Services.

"The introduction of Equifax Settlement Services enables us to provide a centralized resource to meet the growing settlement needs of our mortgage lending customers," said Adams. "This new venture is an important step in establishing Equifax's comprehensive suite of end-to-end mortgage solutions. The combination of our mortgage industry expertise and ATM's process-management experience and proven track record in building national settlement-services companies made them a natural choice in forming this new company."

This new venture leverages the combined strength of ATM's VISION[SM] Systems, a Web-based settlement solution and Equifax's advanced technology solutions and market reach. Equifax Settlement Services will provide the vendor-management and settlement services lenders need to close more loans and streamline the overall mortgage experience. …

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