Sorrento Capital Acquires REO.COM

Sorrento Capital, a private asset management firm in Irvine, Calif., has acquired Irvine, Calif.-based REO.com, a consumer service portal for bank owned real estate and provider of customized disposition solutions. This acquisition adds to the depth of the strategically aligned businesses that make up the Sorrento Capital portfolio. This now includes InformationLogix and its MOS Group, Inc. (MOSGroupInc.com), which provides loss mitigation services; Revise My Loan (ReviseMyLoan.com), a consumer service that assists borrowers with options to improve their debt profiles; and MortgageOutreach.org, an education and information resource for consumers seeking to improve their financial condition and wellbeing. The company plans to expand further into the financial services segment by organically developing and acquiring organizations that service the varied financial needs of a wide spectrum of consumers.