WellFound Decade Merges With Lydian Data

Jacksonville, Fla.-based WellFound Decade has merged with Lydian Data Services, Boca Raton, Fla., to form Lydian Technology Group.WellFound Decade is an integration and architecture company that services some of the top mortgage lenders. Lydian Data Services offers end-to-end outsourced systems with a specialty in conduit services and closed-loan review for top mortgage aggregators and Wall Street companies. The marriage of the two companies will allow Lydian Technology Group to "reduce the fragmentation by doing data normalization," William Decker, chairman and chief executive officer of Lydian Data, told MortgageWire. "We've had to normalize the data for our institutional investor clients for some time now. WellFound Decade is a step ahead in their ability to do data extraction. We can now be a receiver of the data, and WellFound Decade can go out and get that data to us." As part of the merger, WellFound Decade's president, Brian Fitzpatrick, and its CEO, Paul Gain, will retain their positions in Lydian Technology. (For more details, see the March 13 issue of National Mortgage News.)