Optimal Blue Adds Third-Party Oversight To Its Offerings With Purchase Of Comergence

Posted by Patrick Barnard on May 30, 2017 No Comments
Categories : Residential Mortgage

Optimal Blue, offering mortgage pricing and hedging software, has acquired mortgage compliance software firm Comergence Compliance, thus significantly expanding its offerings.

Founded in 2008, Comergence provides an array of third-party originator, appraiser and social media risk management solutions that verify third-party compliance in real time. The company is well known for its offerings in due diligence automation and surveillance services.

“We are thrilled to welcome Comergence to the Optimal Blue family, and we are looking forward to extending their network management platform to our customers,” says Scott Happ, CEO of Optimal Blue, in a release. “Comergence solutions help build trust and confidence among marketplace participants by verifying third-party compliance in real time – a capability unmatched in the industry.”

Happ adds that the companies are “well-aligned” in that they share a “principal mission of facilitating transactions between buyers and sellers of loans.”

Terms of the deal were not divulged.

Optimal Blue says it will be retaining the Comergence team “as we execute our shared growth plans.”

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