The level of investment was not divulged.
ARMCO provides a wide range of mortgage quality control (QC), compliance and transaction risk management technologies. The company’s product line includes loan quality enterprise software, services, data and analytics.
Its flagship product, ACES Audit Technology, is used at virtually every point in the mortgage life cycle, setting the industry standard for user definability.
In a release, Adam Cranford, managing director of New Capital Partners, says the team at ARMCO “has done a tremendous job building a market-leading product suite and providing best-in-class service and support to their customers.”
“Broad use of ACES by top banks, lenders and servicers in the country attests to the strength of the product and the ARMCO professional team,” Cranford says. “We are looking forward to working with the team to drive continued growth and innovation.”
In 2017, New Capital Partners invested in LoyaltyExpress, which provides CRM software geared for the mortgage industry. LoyaltyExpress then went on to acquire SoftVu, a provider of marketing automation and lead conversion, and Lending Manager, a provider of mortgage point-of-sale (POS) solutions, and recently announced a rebranding as Volly.