Altisource To Acquire Mortgage Builder Software

Posted by Patrick Barnard on July 21, 2014 No Comments
Categories : Residential Mortgage

Altisource Portfolio Solutions SA – a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries – has entered into a definitive agreement to acquire Mortgage Builder Software Inc., a provider of mortgage loan origination and servicing software systems.

‘Mortgage Builder will join the Altisource family of businesses and operate within our technology services segment,’ says William B. Shepro, CEO of Altisource. "Together, we will continue to develop innovative technology solutions that meet the evolving needs of the real estate and mortgage marketplaces."

Keven M. Smith, CEO of Mortgage Builder, adds, "Mortgage Builder and Altisource share a commitment to delivering a modern technology platform that enhances compliance while improving loan processing efficiency in both the retail and wholesale production channels."

The acquisition is expected to close within 30 days and is subject to customary closing conditions. Altisource recently bought mortgage and real estate technology solutions provider Equator LLC.

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