TransUnion Buys AccuPost to Bolster Post-Closing Services.

TransUnion Settlement Solutions has acquired Denver-based AccuPost Corp., a technology and outsource services provider of post-closing solutions.

Terms of the deal were not disclosed.

TransUnion Settlement Solutions offers single-point access to services related to both loan origination and servicing, the company said.

The acquisition allows TransUnion Settlement Solutions to enhance and extend its suite of post-closing services by leveraging AccuPost's existing platform to deliver mortgage assignment and release processing, document retrieval, portfolio due diligence, document imaging and government-insuring services.

Rick Lynch, president of TransUnion Settlement Solutions, said the acquisition allows the company to provide lenders with a solution that will "help them increase productivity, achieve higher acceptance ratios of their collateral files and insure documents more efficiently."

TransUnion said the acquisition also addresses the current post-closing needs of subprime, direct and wholesale lenders whose large broker networks create challenges for lenders and trustees trying to maintain a chain of title. In the wake of the "refi boom," addressing trailing document issues represents a commitment of vast resources.

"By harnessing the power of our combined capabilities and expertise, mortgage lenders will feel the results of a more comprehensive solution," said Dick Solheim, chief executive officer of AccuPost.