Monitor Clipper’s Mortgage Cadence Acquires Prime Alliance Solutions

Mortgage Cadence, a financial services provider has acquired Prime Alliance Solutions, a provider of mortgage technology and related solutions to the credit union industry. Mortgage Cadence is a Monitor Clipper portfolio company.


Mortgage Cadence, LLC, a leading provider of Enterprise
Lending Solutions (ELS), Document Services, Compliance and Default Servicing Technology for
the financial services industry, has acquired Prime Alliance Solutions, Inc., the leading
provider of mortgage technology and related solutions to the credit union industry. Uniting
these two powerful players within the mortgage industry will solidify Mortgage Cadence’s
stronghold as the industry’s most complete, end-to-end technology provider on the market,
capable of supporting the top 10 top banks and lending institutions along with the burgeoning
credit union space, while also expanding market share in the community and regional bank
Prime Alliance and Mortgage Cadence share similar histories, culture and visions. The decision
for Mortgage Cadence to acquire Prime Alliance was largely based on a shared passion to
automate the mortgage process through rules and tasking, ultimately striving to achieve
100% compliant products. Dan Green, previous executive vice president of Prime Alliance who
will assume the position of executive vice president of marketing for Mortgage Cadence said,
“After our very first conversations with Mortgage Cadence, it was clear we share the same
vision for the future of the mortgage lending industry. I expect to quickly combine our already
strong companies together and create one brand and extensive product suite that continues to
revolutionize the lending landscape by taking a manufacturing approach to the process and
creating zero defect mortgages.”
Historically, Mortgage Cadence has provided solutions to top lenders and large Credit Unions
and has an outstanding track record of implementing Orchestrator® into some of the largest
and most advanced financial institutions in the market. With credit unions at the center of
Prime Alliance’s customer base, Mortgage Cadence saw an opportunity to build off of Prime
Alliance’s superior technology and talented team to provide unrivalled solutions to credit
unions and their members. Executive Vice President of Sales at Mortgage Cadence, Trevor
Gauthier, stated, “I believe that we are combining two of the most innovative groups in the
financial services space in an effort to provide the single best customer experience for lenders
and consumers. We are already a formidable force in the market, and this transaction
exponentially strengthens our position. No other company will have the available technology
stack or industry experts that the new Mortgage Cadence brings to bear with the addition of
Prime Alliance.”
Currently, Prime+, Prime Alliance’s comprehensive, all-inclusive lending solution has been
successfully positioned within the credit union and regional lending space. Prime Alliance is
acutely aware of the challenges facing lenders today and knows that exceeding their clients’
expectations has been the key to their success. With the acquisition, Mortgage Cadence will be
able to leverage Prime+ as a tried and true solution for this market segment, while also
offering Prime Alliance’s current customer base a migration pathway to Orchestrator’s
enterprise lending suit. Eliminating disparate systems in favor of one, paramount solution will
only enable Prime Alliance’s lenders to exceed customer satisfaction and drive down costs, all
while ensuring compliance. “BECU, Prime Alliance’s creator, and its board of directors, are
proud of the Company’s accomplishments and are eager to see its technology enhanced and
its reach expanded. We want Prime Alliance to continue helping our customers remain the
best-regarded mortgage lenders in the industry. Doing so requires a strong partner with
similar aspirations and talents, and that partner is Mortgage Cadence” said Joe Brancucci,
founder, chairman, and CEO of Prime Alliance Solutions, Inc.
Prime Alliance will retain its focus and its leadership while building on, and integrating, the two
organizations’ technologies. “Combining our two companies makes tremendous sense. Prime
Alliance’s technologies and ours mesh in ways that significantly benefit all customers, lenders
and partners,” concluded Michael Detwiler, chief executive officer and chairman of Mortgage
Cadence. “This is an exciting time for both organizations. We will continue to focus on our
employees and on our customers. We will offer the most invigorating, creative work
environment, inherently providing our customers with leading-edge solutions and world-class
customer service. At Mortgage Cadence, our clients are our lifeblood. We work hard to
improve the profitability of some of the most forward thinking players in the lending space,
and our employees’ experience and hard work will help take that to the next level. The end
goal for our organization has remained constant; provide the last open lending and financial
services platform our clients will ever need.”
About Mortgage Cadence, LLC
Mortgage Cadence is the leading provider of Enterprise Lending Solutions (“ELS”) which
employ an extensive financial services data model wrapped with a native rules engine to
deliver data-driven workflow automation tools to mortgage banks, lenders, service providers
and servicers. Mortgage Cadence has developed enterprise solutions that integrate all
functions and data elements required to optimize, manage and score lending performance.
The mortgage industry is always shifting to meet demands and minimize risks. Mortgage
Cadence’s flexible solutions continue to evolve to meet those needs.

About Prime Alliance Solutions, Inc.
Prime Alliance Solutions, Inc. is the largest credit union service organization concentrating on
mortgage lending and is the industry’s recognized leader in innovative mortgage solutions.
Prime Alliance’s technology is the first and only system that enables fully paperless,
completely electronic mortgage lending. More than 30% of all credit union mortgages are
originated on Prime Alliance’s Lending Suite. The Company offers a full family of real estate
solutions, including online applications, loan origination software, loan servicing, closing and
settlement services and real estate services.