Starrex International Ltd. (STX)

Overview

Starrex International Ltd. operates within the financial sector, primarily focusing on the mortgage, real estate, and related financial services markets in the United States. Founded in 1982 and initially engaged in the mining sector as Starrex Mining Corporation Limited, the company pivoted its business model towards financial services, culminating in a name change to Starrex International Ltd. in May 2014. The company's headquarters is located in Calgary, Canada, from where it oversees its subsidiaries that specialize in various aspects of the mortgage and real estate industries. Starrex International Ltd. has established itself as a significant player by acquiring, managing, and growing companies within its target sectors, offering a comprehensive suite of services that cater to mortgage banks and purchasers of residential real estate.

Products and Services

Starrex International Ltd. provides a diversified range of services aimed at supporting the mortgage and real estate markets:

• Residential Appraisals Management: The company manages residential appraisal processes, which includes ordering, tracking, and administering appraisals for real estate mortgage transactions. This service ensures that all appraisal activities are completed promptly and efficiently, facilitating smooth transactions in the residential real estate market.
• Consumer Credit Reports: Starrex offers consumer credit reporting services specifically tailored for the real estate industry. These reports are essential for mortgage lenders and other consumer service companies that require accurate and up-to-date credit information on potential borrowers. This service helps in assessing the creditworthiness of individuals, ultimately aiding in the decision-making process for lenders.
• Residential Real Estate Evaluation: The company provides unbiased and comprehensive residential real estate evaluation services to third parties. This entails evaluating properties to ascertain their market value, condition, and other relevant characteristics. This service is pivotal for clients looking to buy, sell, or finance residential properties, as it provides them with critical information required to make informed decisions.