Denver-based Mortgage Cadence LLC has announced its acquisition of Prime Alliance Solutions Inc., an Edina, Minn.-based provider of mortgage technology and related solutions to the credit union industry.
According to Mortgage Cadence, Prime Alliance will ‘retain its focus and its leadership while building on, and integrating, the two organizations' technologies.’ Terms of the agreement were not announced.
‘Combining our two companies makes tremendous sense. Prime Alliance's technologies and ours mesh in ways that significantly benefit all customers, lenders and partners,’ says Michael Detwiler, CEO and chairman of Mortgage Cadence. ‘This is an exciting time for both organizations. We will continue to focus on our employees and on our customers.’