Harbor View Advisors is pleased to announce the following Mortgage Technology transaction:
HVA Client: Platinum Data Solutions (“Platinum Data”)
Acquirer: Mercury Network
Ponte Vedra, FL – October 17, 2016 – Platinum Data, a specialized provider of valuation data and analytics solutions in the residential mortgage and appraisal technology industries, has been acquired by Mercury Network, a Serent Capital portfolio company and industry-leading collateral valuation workflow software platform.
Platinum Data Solutions provides valuation data and analytics technologies that help mortgage lenders, servicers, investors, AMCs and their vendors manage collateral risk. The company’s analytical tools protect the country’s top 10 mortgage lenders and help hundreds of companies perform due diligence and prevent collateral-based loss.
The combination brings together two great company cultures, complementary services offerings and deep expertise in the collateral valuation and appraisal services markets. Platinum Data helped pioneer automated appraisal underwriting and quality control, and combining with Mercury Network will help the industry continue to address the increasingly critical requirements of compliance and risk management. Together, the two companies will serve more than 1,000 lenders and appraisal management companies.
Harbor View Advisors advised Platinum Data Solutions on the transaction.