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Announced

Completed

Mortgage Connect completed the acquisition of ADFITECH.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Majority

Acquisition

outsourcing services

Friendly

Single Bidder

United States

Mortgage Finance

Public

Completed

Synopsis

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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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