McCracken Buys DealCentral LOS

McCracken Financial Software, Billerica, Mass., has announced the acquisition of the DealCentral origination system from Atlanta-based MortgageRamp for an undisclosed amount.McCracken said DealCentral streamlines the origination process for commercial loan packages. The company said it plans to integrate the software with its Strategy commercial loan servicing system, enabling the transfer of underwriting and asset information into Strategy and eliminating the costs of duplicate data entry. "The commercial finance industry has been asking for a robust, single-vendor solution that can manage the entire loan life cycle," said McCracken president Noel Webster. "Now they have one." OfficeTiger, a New York-based professional support services firm, recently announced an agreement to acquire MortgageRamp, which is slated to become the Global Real Estate Division of OfficeTiger. The companies can be found online at http://www.mccrackenfs.com, http://www.mortgageramp.com, and http://www.officetiger.com.