Accruit has entered into an agreement with Evergreen Note Servicing, an independent loan servicing company in Puyallup, Washington, to collaboratively manage loan and contract servicing escrow business.
Accruit’s entrée into loan servicing came about via their prior acquisition of a full service escrow company. With the exception of loan servicing, Accruit has consolidated and continues to evolve its escrow offerings.
"Identifying the right buyer for this line of business allows Accruit to focus on other areas of our expanding FinTech services," said Accruit CEO Brent Abrahm. "Evergreen's excellent reputation in secure and efficient management of payments make them an ideal firm for administering our portfolio."
"We are excited to partner with Accruit’s experienced team to continue the company’s tradition of excellent service to their customer base. This acquisition aligns well with our strategy to partner with best-in-class investors and operating executives," said Evergreen President, Philip Dryden. "With this strategic investment, we believe Evergreen has never been better positioned to address the changing needs of our customers."
Evergreen and Accruit have entered into an arrangement in which they will collaboratively manage loan and contract servicing business, ensuring continuity for current and future clients. Learn more about Evergreen Note Servicing at Accruit's Partners page.