M&A Deal Summary

Evolve Mortgage Services Acquires Brooks Systems

On December 16, 2021, Evolve Mortgage Services acquired software company Brooks Systems

Acquisition Highlights
  • This is Evolve Mortgage Services’ 1st transaction in the Software sector.
  • This is Evolve Mortgage Services’ 2nd transaction in the United States.
  • This is Evolve Mortgage Services’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2021-12-16
Target Brooks Systems
Sector Software
Buyer(s) Evolve Mortgage Services
Deal Type Add-on Acquisition

Target

Brooks Systems

Mystic, Connecticut, United States
Brooks Systems designs and distributes compliance, risk management tools, and state-of-the-art software and services. Brooks Systems is a provider of cutting-edge technology for the residential finance industry. Brooks Systems was founded in 1984 and is based in Mystic Connecticut.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Evolve Mortgage Services

Frisco, Texas, United States

Category Company
Founded 1999
Sector Financial Services
DESCRIPTION

Evolve Mortgage Services is a provider of on-shore outsourced mortgage solutions that have helped hundreds of clients dramatically grow and scale their mortgage operations. Founded and run by a team of industry veterans, Evolve provides seamless component or end-to-end loan services and creates custom strategies for each client. The firm has extensive experience in origination and post-closing services; institutional, whole loan, and servicing acquisition due diligence; collateral recovery HMDA and forensic compliance reviews; whole loan sales; agency deliveries; and TPR securitizations. Evolve Mortgage Services is based in Frisco, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 E-Notary Seal

Forney, Texas, United States

E-Notary Seal is a platform designed for public notaries that enables mortgage lenders and title insurance companies to take advantage of online notary services to close loans. It empowers users to quickly obtain a remote online notarization (RON) in all 50 states and provides a simple and innovative way to securely sign, notarize and send documents within minutes. E-Notary Seal was founded in 2019 and is based in Forney, Texas.

Buy -