[UPDATE: Correction — 1,500 staff member count is actually the calculation for total customers]

Plano, Texas-based Optimal Blue, a cloud-based technology services provider for the mortgage industry, acquired LoanSifter, a company that creates tools for mortgage bankers, loan officers and secondary market professionals.

LoanSifter’s operations, employees and customer relationships will immediately become a fully integrated part of Optimal Blue, bringing its total customer count to 1,500.

"Optimal Blue and LoanSifter are leaders in this industry. This is a rare opportunity to combine the strengths of two organizations with exceptional track records and capabilities and focus on the same mission, which is to more effectively provide innovative products and services to our combined customers," said Larry Huff and Ivan Darius, co-CEOs of Optimal Blue said.