Mortgage Cadence Upgrades Technology with Add-on Deal
June 22, 2012
Financial technology developer Mortgage Cadence, a portfolio company of Monitor Clipper Partners, has acquired Prime Alliance Solutions, which providers mortgage technology and similar products to the credit union industry. The two companies possess complementary product lines that will be combined to further automate the mortgage process through rules and tasking to maximize compliance. Monitor Clipper Partners first invested in Mortgage Cadence in 2010, providing the company with development capital to expand its operations.