American Mortgage Consultants Acquires String Real Estate Information Services

March 5, 2019

American Mortgage Consultants (AMC) has acquired String Real Estate Information Services, a provider of title search outsourcing services.

AMC CEO Michael Franco said the deal is as part of ongoing efforts to support all the services secondary-market clients need to conduct transactions. The financial terms of the transaction were not disclosed.

“The acquisition of String further enhances AMC’s ability to offer a comprehensive set of title quality control services to participants in the secondary mortgage market with the addition of title search services and other mortgage business process outsourcing capabilities,” said AMC CEO Michael Franco. “We realize that in today’s mortgage market, cost efficiency and centralization of vendor offerings are critical. Combining String’s title service offerings and labor efficiencies with AMC’s innovative technology solutions will provide comprehensive, high-quality and cost-effective solutions for AMC’s clientele.”

String, employs approximately 650 people in the United States and India, will continue to operate under its original name. Prashant Kothari, String’s president, will retain his position in the deal.

“The combination of String’s proficiencies with the market presence, relationships and technology of AMC will bring unique capabilities and talents for the benefit of our clients,” said Kothari, who formed String in 2004.

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