Avendus Capital Advises Assimilate Solutions, a Leading Provider of Mortgage Solutions, on Its Acquisition by SitusAMC
SitusAMC Holdings Corp. (“SitusAMC”), a prominent provider of technology and services to the real estate finance industry, has acquired Assimilate Solutions, LLC (“Assimilate”), a leading provider of mortgage and title knowledge process outsourcing and information technology outsourcing solutions, with delivery centres in India and the US. The acquisition continues SitusAMC’s recent expansion of its offering for residential mortgage originators, adds new information technology outsourcing solutions, and further expands SitusAMC’s footprint throughout India. The Assimilate management team will be retained by SitusAMC.
Avendus Capital acted as a financial advisor to Assimilate Solutions and its shareholders on the transaction.
About Assimilate Solutions, LLC
Founded in 2012, Assimilate serves the U.S. residential mortgage industry, leveraging deep mortgage experience, a robust service offering, and innovative data and technology solutions to help participants realize cost and operational efficiencies. The firm’s service offering includes loan origination, closing and post-closing, loan servicing, secondary market activity, and title and settlement support. Assimilate’s technology offering includes product development, data intelligence and analytics, integration management, test engineering, application development and digital acceleration. Assimilate’s offerings have supported a wide range of U.S. mortgage companies across retail, wholesale/TPO, correspondent, and consumer direct channels, realizing cost savings of more than 40 percent.
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