After 11 years as a leading mortgage CUSO, Prime Alliance has been sold to become a subsidiary of Mortgage Cadence, a mortgage technology firm with a similar approach and some credit union clients. As a subsidiary of Mortgage Cadence, the firm will no longer remain a CUSO.
About 600 credit unions around the country use the Prime Alliance mortgage processing platform, whether directly or indirectly through another housing finance CUSO.
In an interview with Credit Union Times, executives with the two firms explained that the move provides Prime Alliance with the capital it needs to continue growing and improving its mortgage processing platform and will link two companies with similar visions.
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