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GTCR-backed Optimal Blue buys Comergence

Optimal Blue, which is backed by GTCR, has acquired Comergence Compliance Monitoring, a SaaS mortgage technology business. No financial terms were disclosed.


CHICAGO, IL – May 30, 2017 – GTCR, a leading private equity firm, announced today the simultaneous signing and closing of the acquisition of Comergence Compliance Monitoring (“Comergence”) by Optimal Blue. Comergence is a leading SaaS mortgage technology business, and its network-based solutions allow mortgage investors to perform due diligence and ongoing monitoring of their third party originators (“TPOs”). Comergence’s software enables mortgage investors to review and monitor the licensing, compliance and risk profile of virtually all 18,500 third party originators operating in the market today. These capabilities directly enhance Optimal Blue’s network for both investors and originators, as originators can more easily connect to investors, and investors can more efficiently and accurately monitor the compliance status of their TPO networks.

The purchase of Comergence represents Optimal Blue’s first acquisition since GTCR partnered with CEO Scott Happ in June 2016. The acquisition is consistent with the Company’s strategy to expand its network software services by deepening functionality for originators and investors and improving information flow, compliance functionality and transactional capabilities.

The founders of Comergence, Greg Schroeder and Michael Stallings, will be joining Optimal Blue along with the entire Comergence team.

“We are excited about enhancing the capabilities we offer both sides of our network by adding Comergence’s TPO on-boarding and automated compliance monitoring to Optimal Blue’s solutions,” said Michael Hollander, GTCR Principal and Optimal Blue board member.

“Optimal Blue and Comergence are well aligned around our principal mission of facilitating transactions between buyers and seller of loans,” added Scott Happ, CEO of Optimal Blue. “We are very pleased that Greg, Michael, and the entire Comergence team will be joining Optimal Blue to help us execute our shared growth plans.”

About GTCR
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $12 billion in over 200 companies. For more information, please visit

About Optimal Blue
Optimal Blue is the premier cloud-based provider of managed-content, enterprise lending services including product eligibility and pricing (PPE), secondary marketing, consumer engagement, data and analytics, and compliance services. Based in Plano, Texas, Optimal Blue has developed an enterprise class suite of products and services designed to automate a lender’s complex processes, improving efficiency and profitability while gaining a competitive advantage. With a 99.999% accuracy rate, Optimal Blue technology connects hundreds of investors with more than 1,500 clients and currently helps process nearly 1 of every 4 mortgage loans originated nationally.