Constellation Real Estate Group Acquires Mortgage Builder
Belleview, Washington – April 01, 2019
Constellation Real Estate Group expands footprint in fragmented real estate technology market to include mortgage origination software with acquisition of Mortgage Builder
Constellation Mortgage Solutions Inc., part of the Constellation Real Estate Group (“CREG”), has announced today that it has acquired the assets of Mortgage Builder, a provider of award-winning mortgage loan origination and servicing software systems. The acquisition includes Mortgage Builder’s loan-servicing platform, Colonnade®.
Founded in 1999, Mortgage Builder provides industry-leading loan origination software to mortgage banks, community banks, credit unions and other financial institutions with software solutions that include: loan origination, servicing, relationship management, document management, and a production portal.
Mortgage Builder has consistently been recognized as one of the industry’s Top 50 Service Providers by Mortgage Technology Magazine and brings decades of mortgage industry-knowledge to CREG.
“Mortgage Builder fits nicely within our portfolio of real estate SaaS providers, while expanding our technology offerings to serve new markets,” states Scott Smith, President of Constellation Real Estate Group. “Their long-standing commitment to service and dedication to meeting the evolving needs of their clients is evident by the multitude of recognition they’ve received in the mortgage industry. As we continue to grow our software and services portfolio, we’re pleased to welcome Mortgage Builder as the newest member of the Constellation Real Estate Group.”
“The Constellation Real Estate Group has a proven track record of delivering long-term value and stability to the companies it invests in,” said Stephen Ryczek, General Manager of Mortgage Builder. “We’re happy to be a part of the Constellation real estate portfolio and look forward to leveraging their expertise and commitment to their brands and people to benefit and better serve our customers.”
Constellation Real Estate Group has a buy-and-hold investment strategy, investing in vertical market software companies to manage and grow for the long-haul. Acquiring Mortgage Builder aligns with CREG’s strategy of investing in solutions that benefit the real estate industry and professionals that use them.
The acquisition of Mortgage Builder further expands the Constellation Real Estate Group’s presence in an otherwise fragmented real estate technology market, providing sales and marketing solutions, transaction management, back office software, and loan origination solutions for over 500,000 real estate agents, brokerages, franchises, and banks across the U.S. and Canada.
The Constellation Real Estate Group
The Constellation Real Estate Group, which operates as a part of the Perseus Operating group and is a division of Constellation Software Inc., acquires and invests in real estate software brands that are committed to providing long-term solutions and life-long partnerships with franchises, brokers, agents, MLSs, and banks. CREG provides a suite of market-leading technology solutions designed specifically for the real estate industry through its brands, which include: Market Leader, Constellation Web Solutions, Sharper Agent, Zurple, Z57, Diverse Solutions, Birdview, ReloSpec, Real Estate Digital, Baynet World, and now Mortgage Builder. Over 500,000 real estate professionals across North America rely on CREG’s products and services to power, manage, and grow their businesses.
Founded in 1999, Mortgage Builder provides industry-leading loan origination software to mortgage banks, community banks, credit unions and other financial institutions. Mortgage Builder’s mortgage software solutions include origination, servicing, relationship management, production portal and electronic document management. Mortgage Builder has been named by Mortgage Technology Magazine as one of the industry’s Top 50 Service Providers for eight consecutive years.
For more information, visit www.mortgagebuilder.com