Wolters Kluwer Financial have just announced that they have? acquired the Stormwater Research Group
The press release reads thus
Stormwater provides flood compliance solutions to the banking and mortgage industries, real estate development companies, insurance agencies and other entities. Its products include basic and life of loan flood determination services. Stormwater also offers regulatory consulting services to provide clients with a comprehensive solution to their flood risk mitigation efforts.
The increased volume of loan modifications and refinancing activity has underscored the need for lenders and servicers to partner with providers that can help them handle increased volume efficiently and effectively. The acquisition of Stormwater will allow Wolters Kluwer Financial Services to expand and strengthen its presence in the flood determination part of the mortgage lending process. Currently Wolters Kluwer Financial Services Settlement Services unit, which includes the company’s PCi flood determination solutions, serves more than 1,500 banks.
Here’s the full release
Apologies for not providing a link to storwater’s home page .. WK will need to work on their google page rankings
