The loan origination system platform, Mortgage Cadence, has transitioned to new ownership following its acquisition by a group specializing in enterprise software. The buyer, Partnerone, is an international software firm known for its effective strategy in acquiring and enhancing companies.
In a recent announcement, Partnerone confirmed the acquisition of the mortgage technology division from Accenture, the current parent company. Mortgage Cadence has been an integral part of Accenture’s financial services division since 2013.
Pedro Garcia, CEO of Mortgage Cadence, articulated the significance of this transaction, noting in a press release, “This agreement represents a powerful alignment of values and vision. Partnerone’s investment philosophy and operational excellence will enable us to evolve our platform.”
Based in Riverside, California, and with offices spanning three continents, Partnerone serves an extensive clientele of over 1,500 businesses and governmental organizations, including prominent banks and insurance firms, according to company reports.
Vice President Suzanne Fortman expressed enthusiasm for the acquisition, stating, Partnerone looks forward to bringing Mortgage Cadence into our portfolio.
We believe in building enduring software companies that prioritize people and customers. Mortgage Cadence exemplifies this ethos, and we’re excited to invest in its future.
Details regarding the financial terms of the agreement have not been publicly disclosed.
What Mortgage Cadence Contributes
Mortgage Cadence, headquartered in Denver and renowned for its cloud-based software solutions, primarily caters to depository institutions.
Despite the significant merger between technology behemoths Black Knight and Intercontinental Exchange reshaping the competitive landscape for numerous software providers, Mortgage Cadence has strategically positioned itself to market its offerings effectively, as stated by company leadership in 2023.
Currently, Encompass, part of ICE’s mortgage technology segment, stands as the industry’s leading loan origination system (LOS). To navigate the complexities of acquiring approval while mitigating antitrust concerns, the soon-to-be-merged entity divested itself of Black Knight’s Empower system in 2023, transferring control to Constellation Software based in Toronto.
Constellation subsequently launched Empower via a new division, Dark Matter Technologies, marking it as the second most prevalent LOS on the market.
The acquisition by Partnerone is anticipated to catalyze the development of innovative integrations and tools at Mortgage Cadence, enhancing its competitive edge and service capabilities for lenders of all types and sizes, as emphasized by both companies.
Mergers and Acquisitions in Mortgage Technology
The momentum of mergers and acquisitions within the mortgage industry remains robust as it approaches late 2025, fueled by lenders adapting to subdued origination volumes and cautious borrowers.
While the majority of M&A activities predominantly involve lenders and servicers, software providers are increasingly participating in transactions on both sides of the spectrum.
This year, Rocket made significant waves in the mortgage sector with two significant deals that merged its technology platform with the digital capabilities of real estate brokerage Redfin and lending powerhouse Mr. Cooper.
Detroit-based Rocket successfully secured regulatory approval and finalized both acquisitions in the latter half of 2025.
Source link: Nationalmortgagenews.com.
