Most Home Corp.

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POS Wars: Mortgagebot Acquires Netupdate

Mar 06, 2009By

Citing “outstanding growth in 2008,” Mequon, Wisc.-based Mortgagebot LLC said Friday it had acquired Bellevue, Wash.-based Netupdate from Canadian-based Most Home Corp. Mortgagebot provides point-of-sale lending technology to the mortgage industry; Netupdate has been a direct competitor for roughly a decade, and the acquisition underscores much of the consolidation now taking place in the origination tech space.