TUKWILA, Wash. – Prime Alliance Solutions, the mortgage CUSO created by BECU which provides services to 1,900 credit unions, has been acquired by Mortgage Cadence, LLC, a Denver provider of enterprise lending solutions, document services and compliance solutions.
“Combining our two companies makes tremendous sense. Prime Alliance’s technologies and ours mesh in ways that significantly benefit all customers, lenders and partners,” said Michael Detwiler, CEO of Mortgage Cadence.
With the acquisition, Mortgage Cadence will be able to leverage Prime Alliance’s Prime+ as a true solution for this market segment, while also offering Prime Alliance’s current customer base a migration pathway to Orchestrator’s enterprise lending suit.
Prime Alliance will retain its focus and its leadership while building on, and integrating, the two organizations’ technologies.
Dan Green,executive vice president of Prime Alliance who will assume the position of executive vice president of marketing for Mortgage Cadence, said he expects to quickly combine the companies and create one brand and extensive product suite.
Financial terms of the deal were not disclosed.