Title365 buy allows Covius to expand origination loan focus

By acquiring Title365, Covius Services, whose product offerings including title and settlement services primarily on defaults, will be expanding its presence on the origination side, a company executive said.

It complements Covius’ existing expertise in providing title services for defaults, Pete Pannes, chief business officer, said.

“Second, there were significant technical integrations that we’ve been working on at Covius,” Pannes continued. “The platform that Title365 operates off of significantly expands and scales our presence; our ability to leverage their integrations moves our technical abilities and integrations more by a number of quarters, it could be as much as two years forward.”

What percentage of Title365 is Covius buying

Covius will be purchasing 100% of the company from…