Software firm PartnerOne has entered into an agreement with Accenture to acquire Mortgage Cadence, a provider of cloud-based digital lending solutions, for an undisclosed sum.
In a release, PartnerOne says it will provide Mortgage Cadence with a forever-home, a place for growth, innovation and customer-centric excellence.
“This agreement represents a powerful alignment of values and vision,” says Pedro Garcia, CEO for Mortgage Cadence. “PartnerOne’s investment philosophy and operational excellence will enable us to evolve our platform, deepen our customer relationships, and continue delivering exceptional solutions across the mortgage lifecycle.”
Mortgage Cadence’s platform, including its Enterprise and Essentials offerings, is designed to streamline loan origination, reduce operational costs, and enhance borrower experiences.
PartnerOne will enable Mortgage Cadence to develop new capabilities, integrations and automation tools that meet the evolving needs of major financial institutions, credit unions and independent mortgage banks.
“PartnerOne looks forward to bringing Mortgage Cadence into our portfolio,” says Suzanne Fortman, vice president at PartnerOne. “We believe in building enduring software companies that prioritize people and customers. Mortgage Cadence exemplifies this ethos, and we’re excited to invest in its future, expand its employees’ skillsets, and accelerate innovation in mortgage technology.”
Photo: Giorgio Trovato