BMC Software Acquires AUS Provider Loan-Score Decisioning
BMC Software and Investments Inc., a Southeastern-based investment firm, said late Wednesday that it had acquired Loan-Score Decisioning Systems LLC, a provider of automated underwriting solutions. Terms of the deal were not disclosed. Loan-Score said that its acquisition by BMC will help the firm prepare for increased demand when marketplace liquidity returns. "We've been making various investments in the mortgage banking industry for more than 25 years, and nothing has looked more promising than our purchase of Loan-Score," said William McCord, CEO of BMC Software and Investments and chairman of Loan-Score. "What has happened to the mortgage industry over the past year is unprecedented. Several AUS vendors have already closed their doors and a number of others are in trouble, which creates an opportunity for Loan-Score to dominate the AU space given the right investment partner." McCord said the investment was intended to provide Loan-Score with "the wherewithal to weather this prolonged storm." For more information, visit http://www.loan-score.com.