SitusAMC Buys Mortgage-Process Outsourcing Specialist


SitusAMC Holdings Corp., a provider of technology and services to the real estate finance industry, has acquired Assimilate Solutions LLC, a company focused on mortgage and title knowledge process outsourcing and information technology outsourcing solutions.

Assimilate serves the U.S. residential mortgage industry, including loan origination, closing and post-closing, loan servicing, secondary market activity, and title and settlement support. The company’s technology offerings include product development, data intelligence and analytics, integration management, test engineering, application development and digital acceleration, supporting retail, wholesale/TPO, correspondent, and consumer-direct mortgage lending channels.

“We are excited to gain not only the deep mortgage domain services professionals from Assimilate but also to add a strong bench of information technology outsourcing solutions for our clients, so we can help them implement transformative solutions for their business, including those technologies offered by SitusAMC,” says SitusAMC CEO Michael Franco. “This acquisition provides us with an optimized business model leveraging a combination of onshore and offshore staff that can support our clients’ licensed and non-licensed activity.”

With the acquisition of Assimilate, SitusAMC builds upon the recent expansion of the firm’s residential origination offerings, including the launch of the firm’s SAFE Act licensed loan processing and fulfillment service, and the acquisitions of ComplianceEase and ReadyPrice.

Photo: Michael Franco

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