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HOUSTON - PropStream, a real estate data and analytics platform owned by Stewart Information Services Corporation (NYSE:STC), announced Monday its acquisition of Batch Leads and Batch Dialer, an AI-powered lead generation and marketing platform for real estate professionals. Stewart, with a market capitalization of $1.8 billion and a strong financial health rating according to InvestingPro, has been expanding its technology offerings while maintaining solid financial performance with revenue of $2.5 billion in the last twelve months.
The acquisition combines PropStream’s property data engine with Batch Leads’ AI-driven tools and contact dialer to create what the company describes as an all-in-one property intelligence ecosystem.
According to the press release, customers of both platforms will gain access to nationwide data intelligence, enhanced lead targeting capabilities, and a unified outreach platform that enables communication with property owners via voice, email, and direct mail.
"By combining these platforms, we will equip real estate professionals with even more tools to easily uncover new opportunities while accelerating their lead pipelines, allowing them to drive better outcomes in a competitive market," said Fred Eppinger, CEO of Stewart.
Brian Tepfer, President of PropStream, stated the acquisition aims to provide real estate professionals with an integrated solution that combines data and lead generation capabilities.
The newly integrated platform will serve real estate investors, agents, and wholesalers who seek to generate leads and close deals more efficiently, according to the company statement.
PropStream, in business since 2006, maintains data for over 160 million properties nationwide and was acquired by Stewart Information Services Corporation in November 2021. The company has been named a HousingWire Tech 100 Honoree for five consecutive years since 2021.
Financial terms of the acquisition were not disclosed in the announcement.
In other recent news, Stewart Information Services Corporation reported its financial results for the first quarter of 2025, revealing a revenue of $612 million, which surpassed the forecast of $603.55 million. However, the company’s earnings per share (EPS) fell short, posting an adjusted EPS of $0.25 against the expected $0.35. The Title and Real Estate Solutions segments showed notable growth, with the Title segment’s operating revenues increasing by 11% and Real Estate Solutions growing by 17%. Additionally, Stewart Information Services declared a quarterly cash dividend of $0.50 per share for the second quarter of 2025, to be paid on June 30.
The company also held its Annual Meeting of Stockholders, where all ten directors were elected, and shareholders approved executive compensation and ratified KPMG LLP as the independent registered public accounting firm for the fiscal year. Analysts noted the company’s mixed financial performance, with firms like KBW inquiring about the robustness of commercial activities and potential impacts of fee cuts by the Texas Department of Insurance. Despite these challenges, Stewart Information Services remains optimistic about the latter half of 2025, projecting double-digit growth in its commercial operations.
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