LoanLogics, a provider of loan quality management and performance analytics, has acquired the assets of Parker & Company, a provider of risk management solutions for the mortgage industry.

"The acquisition is strategic because it enables us to move LoanDecisions more deeply into the secondary market," said Brian Fitzpatrick, president and CEO of LoanLogics.

"This transaction enables LoanLogics to broaden its product base and mortgage industry expertise. The aim is to combine proven products to create a better customer experience," added Les Parker, who will report to Fitzpatrick and assist him with strategic initiatives and overall business growth.