Altisource Closes on Mortgage Builder Acquisition

Commercial

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Altisource, a mortgage technology company in Luxembourg, has completed its acquisition of Mortgage Builder, a loan origination software firm in Southfield, Mich.

The deal was announced in late July. The financial terms of the transaction were not disclosed.

Altisource was spun off from mortgage servicer Ocwen Financial in August 2009. The company has expanded in recent months, launching Altisource Labs, a venture capital wing, in May. It also recently opened a technology campus in Bangalore, India.

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