""Mortgage Cadence, LLC"":http://www.mortgagecadence.com/home.aspx, announced Wednesday the acquisition of Prime Alliance Solutions, Inc.[IMAGE]
The Denver-based provider of services and technology for the financial services industry acquired Prime Alliance based on ""a shared passion to automate the mortgage process through rules[COLUMN_BREAK]
and tasking,"" the company said in a release.
Mortgage Cadence looks at the acquisition as a chance to expand market share in the community and regional banking arena while granting it the capability to support the top 10 banks and lending institutions.
""After our very first conversations with Mortgage Cadence, it was clear we share the same vision for the future of the mortgage lending industry,"" said Dan Green, previous EVP of Prime Alliance and new EVP of marketing for Mortgage Cadence.
""I expect to quickly combine our already strong companies together and create one brand and extensive product suite that continues to revolutionize the lending landscape by taking a manufacturing approach to the process and creating zero defect mortgages.""
Mortgage Cadence employs a financial services data model to provide Enterprise Lending Solutions. Prime Alliance Solutions is a credit union service organization concentrating on mortgage lending and is based in Edina, Minnesota.