M&A Deal Summary

Optimal Blue Acquires Resitrader

On July 10, 2018, Optimal Blue acquired internet software and services company Resitrader

Acquisition Highlights
  • This is Optimal Blue’s 3rd transaction in the Internet Software and Services sector.
  • This is Optimal Blue’s 4th transaction in the United States.
  • This is Optimal Blue’s 2nd transaction in California.

M&A Deal Summary

Date 2018-07-10
Target Resitrader
Sector Internet Software and Services
Buyer(s) Optimal Blue
Deal Type Add-on Acquisition

Target

Resitrader

Calabasas, California, United States
Resitrader, Inc. is an intuitive trading and operations platform for residential, whole loan mortgages. Resitrader focused on bringing automation and transparency to the spot market for mortgage loans. Resitrader, Inc. was founded in 2015 and is based in Calabasas, California.

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Buyer(S) 1

Buyer

Optimal Blue

Plano, Texas, United States

Category Company
Founded 2002
Sector Business Services
DESCRIPTION

Optimal Blue operates mortgage secondary marketing technology & facilitates transactions among mortgage market participants through its Marketplace Platform, actionable data, and technology vendor connections. Optimal Blue was formed in 2002 and is based in Plano, Texas.


DEAL STATS #
Overall 4 of 5
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: California M&A 2 of 2
Country: United States M&A 4 of 5
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-30 Comergence Compliance Monitoring

Viejo, California, United States

Comergence Compliance Monitoring LLC is a provider of third-party oversight solutions in the mortgage industry. Founded in 2008, Comergence provides an array of third-party originator (TPO), appraiser, and social media risk management solutions that verify third-party compliance in real-time, a capability unmatched in the industry. Comergence has been widely recognized by the industry for its innovations in due diligence automation and ongoing surveillance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 LoanLogics - PPE Business LoanDecisions

Trevose, Pennsylvania, United States

LoanLogics, Inc. - PPE Business, LoanDecisions includes LoanHD platform which provides automation for every step in the loan acquisition process – from initial seller application review to loan funding and servicing onboarding – and overcomes the challenges that stem from a traditionally manual and fragmented correspondent loan purchase workflow.

Buy -