Computershare, an Australian tech company that expanded into the U.S. mortgage market in 2011 when it acquired Specialized Loan Servicing for $113.6 million, announced earlier this year that it planned to expand its mortgage presence with a pair of acquisitions.
And this week, Computershare announced that it completed the acquisitions of Capital Markets Cooperative andAltavera Mortgage Services, buoying its U.S. mortgage operations.
Computershare initially announced the Altavera deal in January.
Altavera is a provider of independent, third-party mortgage origination services to residential mortgage lenders.
According to the company, Altavera offers a “full suite” of services including loan set-up, processing, underwriting, closing, funding and quality control for all product types, including non-QM, jumbo and conventional loans.
Just a few weeks after announcing the Altavera deal, Computershare announced its plans to acquire Capital Markets Cooperative, a nationwide alliance of mortgage bankers that provides exclusive offerings and value-added services to its members.
Now, both acquisitions are final.
According to a release from Computershare, the company views Altavera and CMC as “vital” parts of the company’s plan to grow its global mortgage services business.
“These acquisitions significantly expand Computershare's ability to support mortgage lenders and investors through each stage of the mortgage life cycle,” Computershare said in a release. “CMC's range of secondary market solutions, combined with Altavera's loan fulfillment offerings and Computershare's existing loan servicing solution, will help the company deliver services critical to the success of lenders.”
Computershare said that it views the management teams and employees of both companies as “integral” to the success of the company’s plan to expand its mortgage business.
Computershare also said that the company established an integration team to bring together a unified loan services solution for its clients and expects clients to begin seeing benefits from the combined approach in the coming months.
Computershare did not disclose the financial terms of either deal.
