M&A Deal Summary

Altisource Portfolio Solutions Acquires Mortgage Builder Software

On July 21, 2014, Altisource Portfolio Solutions acquired internet software and services company Mortgage Builder Software

Acquisition Highlights
  • This is Altisource Portfolio Solutions’ 1st transaction in the Internet Software and Services sector.
  • This is Altisource Portfolio Solutions’ 3rd transaction in the United States.
  • This is Altisource Portfolio Solutions’ 1st transaction in Michigan.
Investment Fate
  • Mortgage Builder Software was divested to a consortium of strategic buyers in 2019.

M&A Deal Summary

Date 2014-07-21
Target Mortgage Builder Software
Sector Internet Software and Services
Buyer(s) Altisource Portfolio Solutions
Deal Type Add-on Acquisition

Target

Mortgage Builder Software

Southfield, Michigan, United States
website
Mortgage Builder Software, Inc. is a provider of Software as a Service (SaaS) based mortgage loan origination and servicing software systems. Mortgage Builder’s mortgage software solutions include origination, servicing, relationship management, production portal and electronic document management.

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Buyer(S) 1

Buyer

Altisource Portfolio Solutions

Luxembourg, Luxembourg

website


Category Company
Founded 1999
Sector Business Services
Employees2,726
Revenue 366M USD (2020)
DESCRIPTION

Altisource Portfolio Solutions provides services to some of the most respected organizations in their industries, including one of the nation’s largest sub-prime servicers, government agencies and many lenders, servicers, investors, mortgage bankers, credit unions, financial services companies and hedge funds across the country. Altisource Portfolio Solutions was founded in 1999 and is based in Luxembourg City, Luxembourg.


DEAL STATS #
Overall 3 of 7
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 3 of 7
State (Michigan) 1 of 1
Country (United States) 3 of 7
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-21 Equator

Los Angeles, California, United States

Equator LLC is a provider of default software solutions for servicers, real estate agents, vendors and other mortgage and real estate industry professionals.

Buy $70M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-24 Owners Advantage

San Francisco, California, United States

Owners.com is an online platform for buying and selling residential real estate.

Buy -