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SitusAMC Holdings Corp., a technology and services provider for the real estate finance industry, acquired Assimilate Solutions, LLC, a provider of mortgage and title knowledge process outsourcing and information technology outsourcing solutions. With the acquisition, SitusAMC expands its offering for residential mortgage originations, according to a press release. The Assimilate management team will be retained by SitusAMC.
Assimilate serves the U.S. residential mortgage industry, with service offerings that include loan origination, closing and post-closing, loan servicing, secondary market activity, and title and settlement support. Assimilate's technology offering includes product development, data intelligence and analytics, integration management, test engineering, application development and digital acceleration. Assimilate's offerings have supported a wide range of U.S. mortgage companies across retail, wholesale/TPO, correspondent, and consumer-direct channels.
"This acquisition provides us with an optimized business model leveraging a combination of onshore and offshore staff that can support our clients' licensed and non-licensed activity needs in a nimble, technology-enabled environment, which will drive better outcomes for everyone we serve," said SitusAMC CEO Michael Franco.
With the acquisition of Assimilate, SitusAMC builds upon the recent expansion of the firm's residential origination offerings, including the launch of the firm's SAFE Act licensed loan processing and fulfillment service, and the acquisitions of ComplianceEase and ReadyPrice. In 2021, SitusAMC will begin to offer integrated solutions for brokers and lenders utilizing ReadyPrice seeking to outsource component services, processing, or the end-to-end fulfillment process to SitusAMC.