Loan origination and servicing software provider Mortgage Builder Software acquired LXE Software Inc., adding LXE's CRM and product pricing and eligibility engine to Mortgage Builder's suite of offerings. LXE has more than 50 clients, several of which are existing Mortgage Builder clients, the company said in a statement released Monday.
As part of the acquisition, Alan Johnson, LXE's founder and CEO, will remain with the company and become a senior executive within the Mortgage Builder management team. LXE Software’s other employees will also remain and the offices in Denver will form the nucleus of Mortgage Builder’s physical presence in the western United States.
LoanXEngine, LXE's flagship product, will be integrated into Mortgage Builder’s new LOS platform, Architect, which is officially launching at the MBA Convention. LoanXEngine will also continue to be available as a standalone product that works seamlessly with any loan origination software system, the company said.
"LoanXEngine is very popular with its users, so we will make sure they can continue to enjoy its superior features with full support," said Keven Smith, Mortgage Builder’s president and CEO.
Kelli Himebaugh, corporate vice president of Mortgage Builder, will be tasked with expanding LoanXEngine’s customer base along with bringing its benefits to current and future Mortgage Builder clients.
Himebaugh said that the initial integration into Mortgage Builder’s Architect LOS platform will begin immediately to enable Mortgage Builder users to take full advantage of LoanXEngine’s capabilities as quickly as possible.