Metavante completes GHR Systems acquisition
Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), has completed its acquisition, announced in June, of Wayne, Pa.-based GHR Systems, Inc., a leading provider of loan origination solutions for the residential mortgage and consumer finance industries that offers point-of-sale products and comprehensive underwriting, processing and closing technology.
0
External
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
GHR Systems will become a Metavante subsidiary.
"As a leading provider of consumer finance and mortgage origination products and services, GHR will bring one of the most proven technology and market-leading solutions to our clients," said Frank Martire, Metavante president and chief executive officer. "GHR has focused on the top-100 bank market, which is important to Metavante. GHR's broad client base includes four of the top 10 and 15 of the top 50 U.S. mortgage lenders. We believe the acquisition of the GHR Systems' lending solutions platform will be welcomed by our clients of all asset sizes as a valued addition to our technology offerings."