Willkie represented private equity-owned Covius in the transaction.
Covius Holdings, Inc., a leading provider of technology-enabled solutions to the financial services industry, announced that it has reached an agreement to acquire Palm Harbor, Florida-based Nationwide Title Clearing, Inc. (NTC), a leading, national lien release provider. The transaction is expected to expand Covius’ platform capabilities.
Founded in 1991, NTC is one of the leading research and document-processing service provider to the residential mortgage industry. NTC services the nation's top mortgage lenders, servicers, investors and custodians. Its primary products and services include lien release services, collateral research and property reports, capital markets transaction and file services and default servicing and title curative solutions.
Covius is a leading provider of technology-enabled solutions to the financial services industry. Covius businesses provide services related to loss mitigation, document and data solutions, title and settlement services, compliance and critical borrower communications, lien release tracking and preparation, HOA and tax tracking, quality assurance, REO asset management and auction services, credit reporting and verification, capital markets due diligence and oversight, insurance policy analysis as well as rapid-development, customizable cloud-based business process solutions.
The Willkie team was led by partners Jeffrey Poss and Manuel Miranda and included associate Thomas Sharkey.