LERETA Acquires American Property Guard / by Scott A.

COVINA, Calif.--(BUSINESS WIRE)--LERETA, a leading national real estate tax services and flood service provider, has acquired American Property Guard (APG). APG is a Dallas-based company that offers tax certificate and homeowners association reports to the title industry.

“As the founder of APG, I could not be more pleased than to team up with LERETA,” said Andrew Kernan, founder of APG. “Introducing a disruptive technology to the origination property tax space has been an exciting accomplishment that has been very well received in the title industry. With the support of LERETA, our technology will now be able to reach its full potential and expand to additional verticals in the housing sector.”

APG was founded in 2012 to automate property tax data inquiries. Three years ago, APG developed and launched a new application that automates the location of a property’s county account information and acquire associated data from taxing authorities. Through this proprietary process, APG has the unique ability to deliver real-time tax information as part of an automated and integrated origination workflow. APG is integrated with one of the nation’s largest title origination software platforms, allowing for the ordering of tax information directly within the title origination workflow.

“We’re excited about the acquisition of APG,” said John Walsh, LERETA CEO. “First, we gained great staff and exciting new technology. Second, this acquisition will help us to expand into the title services business. We view the APG acquisition as another step forward in our commitment to providing better solutions to the tax service industry.”

About LERETA

Since 1986, LERETA has provided the mortgage and insurance industries the fastest, most accurate and complete access to property tax data and flood hazard status information across the U.S. LERETA is committed to giving customers extraordinary service and cost-effective property tax and flood solutions. LERETA’s services are designed to increase efficiency, reduce penalties and liabilities and improve processes for mortgage originators and servicers. LERETA’s dedicated teams of real estate tax and flood professionals along with LERETA’s experienced management team allow the company to lead the industry in service and technology.

Source: http://www.businesswire.com/news/home/2016...