Indecomm Buys Mortgage Dynamics

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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