Indecomm Global Services has signed an agreement to acquire McLean, Va.-based Mortgage Dynamics Inc., a mortgage banking management consulting and outsource services firm.The 18-year-old company was sold for a combination of cash and stock, but the financial details were not disclosed. Indecomm said it will adopt the Mortgage Dynamics brand name for its U.S. mortgage outsourcing operations. Mortgage Dynamics will continue under the leadership of Mary Bruce Batte and Dan Measell, Indecomm said. The parties said they expect to complete the transaction by June 30. Indecomm is an international business process services firm with headquarters in Bangalore, India, and operating centers in the United States.
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Check out the next set of names in the 28th edition of National Mortgage News' Top Producers survey, including on how they approach purchase business.
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Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry.
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CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
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The former Wall Street player blamed its decline on rising interest rates, trouble at its lending subsidiary, and debt stemming from the Great Financial Crisis.
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The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
April 28 -
Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners.
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