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Real Estate & Property Law

: Housing Wire

POS Wars: Mortgagebot Acquires Netupdate

By PAUL JACKSON

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Citing “outstanding growth in 2008,” Mequon, Wisc.-based Mortgagebot LLC said Friday it had acquired Bellevue, Wash.-based Netupdate from Canadian-based Most Home Corp. Mortgagebot provides point-of-sale lending technology to the mortgage industry; Netupdate has been a direct competitor for roughly a decade, and the acquisition underscores much of the consolidation now taking place in the origination [...]

Full post as published by Housing Wire on March 06, 2009 (boomark / email).

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