Announced
Completed
Financials
Tags
Domestic
Majority
Acquisition
outsourcing services
Friendly
Single Bidder
United States
Mortgage Finance
Public
Completed
Synopsis
Mortgage Connect, a national mortgage service provider, completed the acquisition of ADFITECH, a provider of outsourced mortgage quality control, due diligence and mortgage fulfillment services. Financial terms were not disclosed. "We're excited to welcome ADFITECH to our family of companies. This acquisition significantly scales up our capital markets offerings and delivers essential risk management, servicing, and capital markets securitization services, all under one roof. We will continue strategic investments in technologies, intelligence, and solutions to help clients efficiently navigate market demands while reducing the risks associated with loan quality," Jeff Coury, Mortgage Connect CEO.
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