Mortgage Cadence sold to global software firm Partnerone

Loan origination system platform Mortgage Cadence is under new ownership following its sale to an enterprise software acquisition group.

Partnerone, an international software firm with a record of acquiring and scaling companies, announced a purchase of the mortgage technology business from current parent Accenture. Mortgage Cadence has operated as a unit within the financial services division of the management consultancy firm since 2013.

"This agreement represents a powerful alignment of values and vision," Mortgage Cadence CEO Pedro Garcia said in a press release. "Partnerone's investment philosophy and operational excellence will enable us to evolve our platform." 

Headquartered in Riverside, California, with additional offices on three continents, Partnerone's roster of software businesses serve over 1,500 businesses and government organizations, including major banks and insurance firms, the company reports. 

"Partnerone looks forward to bringing Mortgage Cadence into our portfolio," said its vice president Suzanne Fortman. "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."

Financial terms of the deal were not disclosed. 

What Mortgage Cadence brings to the table

Known for its cloud software technology, Denver-based Mortgage Cadence sees a fair share of its uptake coming from depository institutions. While the blockbuster merger between tech giants Black Knight and Intercontinental Exchange changed the business landscape and strategy for many software providers earlier this decade, Mortgage Cadence found itself in a position where it could easily market its tools to others, company leadership said in 2023. 

Encompass, which belongs to ICE"s mortgage technology unit, is currently the industry's most widely used LOS. In order to get the acquisition approved and remove antitrust concerns, the soon-to-be merged company divested itself of Black Knight's Empower originations system in 2023, selling it to Toronto-based Constellation Software.

Constellation rolled out Empower, currently the second most common LOS, through the establishment of a new business unit, Dark Matter Technologies.

The Partnerone deal will help development of new integrations and tools at Mortgage Cadence, allowing it to better compete and serve lenders of all types and sizes, both companies noted.

M&A in the mortgage technology space

Mergers and acquisition activity remains steady across the mortgage industry heading into late 2025, driven by lenders adjusting to muted origination volumes and wary borrowers.

While much of the M&A activity has largely been concentrated among lenders and servicers, software providers also find themselves on both ends of the dealmaking. 

• Along with the game-changing merger in 2023 that led to the ICE Mortgage Technology of today, 2025 brought the sale of another competing LOS, the publicly traded MeridianLink, to private investors.

• To start the year, mortgage lender and servicer Lower also acquired the proprietary origination software firm Neat Labs in January. 

• Rocket shook up the mortgage industry this year with two headline-making deals combining its technology platform with the digital capabilities of real estate brokerage Redfin and lending and servicing giant Mr. Cooper. 
  

Detroit-based Rocket received regulatory approval and closed both acquisitions in the second half of 2025.