Chronos Solutions Acquires UPF Services to Create the Industry’s Only True “One-Stop Shop” for Mortgage Origination Services

Wednesday, July 27, 2016 – Today UPF Services and Chronos Solutions customers gained a wealth of new resources and it didn’t cost you a thing!

On that day Chronos Solutions, a leading national provider of services and solutions spanning the entire mortgage continuum, acquired UPF Services.  Chronos Solutions is the service provider of choice for national and regional lenders, Federal agencies, the GSEs, top mortgage servicers and the real estate investment community.

The historic move now means that you have access to the mortgage industry’s only true “one-stop shop” for comprehensive loan origination services. We now provide a single company that can manage the entire origination ‘tracking’ process for the mortgage industry.

The former UPF Services organization will continue to operate in Spokane Valley and UPF Services CEO Mark Hikel will serve as Chrono Solutions’ President of Outsourced and Origination Solutions.

It’s an important step for our industry, and Mark and I are excited about the strength of the newly expanded Chronos Solutions.

The acquisition greatly expands the breadth of services available to both UPF Services andChronos Solutions clients as well. UPF Services customers now have nationwide access to the entire catalog of Chronos Solutions‘ innovative, customized services and end-to-end business solutions in the following areas:

  • Customizable credit reporting, analysis and verification services
  • Title and settlement services
  • Flood hazard compliance services
  • Real estate tax monitoring services
  • Document preparation and recording services
  • Appraisal and valuation services
  • Lien release services
  • HOA solutions
  • Accelerated asset liquidation and marketing services
  • REO asset management and disposition
  • Field services
  • Asset acquisition and investor services
  • Innovative technology applications and systems

UPF Services and Chronos Solutions customers will also benefit from the following merger-related synergies:

  • Greater financial resources
  • Enhanced operational synergies
  • Expanded service offerings
  • Broader industry expertise
  • More robust integration
  • Exciting new product offerings
  • Significant product enhancements
  • Economies of scale
  • Customized pricing structures

 

In the coming months you can expect to see more exciting announcements and product innovations from our new combined company. Your current support team will remain in place and is available to answer any questions.

Please feel free to contact Chronos Solutions EVP of Business Development and Marketing Matt Slonaker at m.slonaker@chronossolutions.com or 972.740.4300, or SVP of Business Development and Middle Markets Matt Harrick at m.harrick@chronossolutions.com or 714.351.4117 with any questions you may have regarding the new combined organization.

We look forward to serving your mortgage origination and servicing needs in the months and years to come!

Matt Martin                                                    Mark Hikel
CEO, Chronos Solutions                          CEO, UPF Services