SitusAMC completed the acquisition of Alan King and Company.

SitusAMC, a business support services provider, completed its acquisition of Alan King and Company, an application software products. Financial terms were not disclosed. "The purchase of AKC highlights our commitment to building a complete investment lifecycle data management solution across residential mortgages. SBO 2000 provides a tried-and-true system that is trusted by the world's leading financial institutions and brings a loan accounting and cash reconciliation competency to our asset and portfolio surveillance technologies. This solution is a great fit for (i) any party that owns loans or MSRs that are serviced by third parties or (ii) entities that service loans for third parties," Michael Franco, SitusAMC CEO.