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Lending The Ticker

Altisource acquires Mortgage Builder, expands technology reach

Follows recent Equator acquisition

money roll

Altisource Portfolio Solutions (ASPS) entered into a definitive agreement to acquire Mortgage Builder Software, a provider of mortgage loan origination and servicing software systems.

"The addition of Mortgage Builder's loan origination, servicing and electronic document management software enhances Altisource's current portfolio which provides customers with one of the most comprehensive real estate and mortgage lifecycle management platforms and services marketplaces available," William Shepro, CEO of Altisource, said. 

"Mortgage Builder will join the Altisource family of businesses and operate within our Technology Services segment. Together, we will continue to develop innovative technology solutions that meet the evolving needs of the real estate and mortgage marketplaces," he added. 

This follows an agreement in November 2013 to acquire Equator, a mortgage and real-estate related SaaS solutions provider. The acquisition was valued at a base price of $70 million. 

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