LandAmerica Credit Services Increases Midwest Presence with the Acquisition of Mortgage Credit Services, Inc.
December 9, 2004
Richmond, Virginia – LandAmerica Financial Group, Inc. (NYSE: LFG) has purchased Mortgage Credit Services, Inc. (MCS), a credit reporting company based in Indianapolis, Indiana. With this move, LACR, one of the nation’s largest mortgage credit reporting companies, establishes a significant presence in the Midwest.
Don L. Miller, CEO, founded MCS over 17 years ago. Since then it has become one of the most respected providers of credit solutions in the Midwest. Miller’s son, David, joined the company in 1996 and currently serves as President. David Miller will continue with LACR following the acquisition and focus on business development in the central United States. David currently serves on the board of directors for the Indiana Mortgage Bankers Association and is also on the board of directors for the National Credit Reporting Association.
“We are very excited about joining the LandAmerica family,” said Don Miller. “This move will enhance our ability to meet the ever changing needs of our customers as well as expand our footprint in the Midwest for LandAmerica. Our clients will benefit greatly from the additional products and services that LandAmerica offers.”
“This has been a pivotal year for LACR’s growth,” says Ken Goins, President of LACR. “Mortgage Credit Services is a solid company with an excellent reputation. They are a very welcome addition to the list of strategic acquisitions we have made in 2004.”
Source: LandAmerica Financial Group, Inc.