Altisource Acquires Mortgage Builder Software

Altisource Portfolio Solutions S.A. has announced the completion of its acquisition of Mortgage Builder Software Inc., a provider of mortgage loan origination and servicing software systems. The acquisition follows Altisource’s recent acquisition of Equator, a national leader in mortgage and real estate-related SaaS solutions, and strengthens Altisource’s end-to-end suite of real estate and mortgage lifecycle management technologies. “With Lenders One, Equator and now Mortgage Builder, Altisource offers customers a complete, all-in-one real estate and mortgage lifecycle management platform,” said John Vella, chief operating officer of Equator. “Mortgage Builder and Equator customers will benefit from the deep capital, world-class talent and other resources that Altisource provides.” “Joining Altisource will give Mortgage Builder customers access to more complete and cost-efficient real estate and mortgage lifecycle management solutions,” said Keven M. Smith, chief executive officer of Mortgage Builder. “Altisource’s financial strength and global resources further the Mortgage Builder vision of providing a comprehensive solution for mortgage bankers, banking institutions and credit unions.”