The GCC staff will join Mortgage Builder and GCC will operate as a separate division; Jeff Augenstein, vice president of GCC, will be responsible for the day-to-day operations. Terms of the acquisition were not announced.
‘More lenders need servicing software now than at any time in recent history,’ says Keven Smith, Mortgage Builder's CEO and president. ‘With the acquisition of GCC, Mortgage Builder now offers a complete lending system that empowers lenders to control all aspects of the process. And with their common DNA, the platforms work extremely well together, making it far simpler for lenders to make smooth transitions into loan servicing.’