“This agreement represents a powerful alignment of values and vision,” said Pedro Garcia, CEO of Mortgage Cadence. “PartnerOne’s investment philosophy and operational excellence will enable us to evolve our platform, deepen our customer relationships, and continue delivering exceptional solutions across the mortgage lifecycle.”
Mortgage Cadence’s platform, which includes its Enterprise and Essentials products, is designed to streamline loan originations and lower operational costs.
The company said that joining PartnerOne will support the development of new capabilities, integrations and automation tools for financial institutions, credit unions and independent mortgage banks.
“PartnerOne looks forward to bringing Mortgage Cadence into our portfolio,” said Suzanne Fortman, vice president at PartnerOne. “We believe in building enduring software companies that prioritize people and customers. Mortgage Cadence exemplifies this ethos, and we’re excited to invest in its future, expand its employees’ skillsets, and accelerate innovation in mortgage technology.”
Completion of the acquisition is subject to customary closing conditions. Terms of the transaction were not disclosed.