MortgageDashboard Gets a Reprieve

A private equity investment appears to have saved and maintained the ongoing operation of loan origination system provider MortgageDashboard, which last week said it had lost its funding and was planning to shut down. On its website, the company said, "MortgageDashboard has been purchased by a private equity group and will continue to operate with no interruption to service." Specifically, Catalizador Private Equity Group has acquired a majority interest in MortgageDashboard. The deal consists of a buyout of both major shareholders and a private equity group. MortgageDashboard's new funding will be used to fuel a new leadership team, finalize development on MortgageDashboard's new mortgage banking software solution and to sustain daily operations for its client base.