Chronicle Solutions
Addresses the challenges of managing and monitoring network content within medium to very large IT environments..
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Chronicle Solutions operates as an end-to-end service provider for the mortgage lifecycle, catering to clients in the performing loan and loan origination segments. The firm's business strategy involves a holistic approach, assessing clients' existing processes and workflows to develop customized and scalable product and service delivery solutions. This methodology aims to deliver productivity gains and reduce operational costs for its customers. Revenue is generated by providing a comprehensive suite of services that cover the entire mortgage process.
The company has expanded its offerings significantly through acquisitions. In 2015, Chronicle Solutions acquired the real estate auction marketplace Realtybid.com. This was followed in 2016 by the acquisition of mortgage technology provider Cogent Road, Commerce Title and Closing Services, and UPF Services, a provider of risk management and technology solutions. These acquisitions enabled the company to become a single-source provider for its clients.
Chronicle Solutions offers a wide array of services that span loan application, processing, underwriting, and closing, as well as loan servicing, pre-foreclosure, foreclosure, and capital markets. Specific products include verification services, property valuations, title and closing services, lien release and tracking, real estate tax monitoring, and flood services. For example, its InstantTax solution was developed to help clients meet TRID requirements by instantaneously providing estimated annual property tax amounts, addressing a common industry challenge. The company's technology is designed to be agnostic, allowing it to manage various assets like REO, performing loans, or appraisals with agility and responsiveness to client needs.
Keywords: mortgage lifecycle services, loan origination solutions, property valuations, title and closing, lien release services, real estate tax monitoring, mortgage technology, foreclosure services, capital markets solutions, real estate auction, risk management mortgage, loan processing services, underwriting support, loan servicing provider, REO asset management, performing loan services, mortgage workflow automation, property data solutions