Sun Capital-backed LoanLogics to acquire LoanBeam.

Sun Capital-backed LoanLogics, a developer of mortgage loan technology, agreed to acquire LoanBeam, a developer of an income calculation and verification technology. Financial terms were not disclosed. “We at LoanBeam believe we have found the ideal firm in LoanLogics, one to work closely with as we continue to grow and introduce new capabilities to the market. LoanLogics, like LoanBeam, is known as an innovator using advanced technology including machine learning to define, identify, extract and run mortgage rules against static data for the creation of actionable, digital data output. We are similar in many respects," Steve Puckett, LoanBeam CEO.