As I close out one of the busiest and most exciting weeks at Mortgage Cadence, I am very pleased at the reception we have received. The positive reaction from not only the media but also our customers has been overwhelming, and I am so glad they were able to see the ultimate vision of the acquisition. Continuing to travel down the path of a customer-centric approach to mortgage technology, this was a natural decision but was not without much consideration and due-diligence. Austin Kilgore wrote a well-written post discussing the distinct differences in approach between being privately-held like Mortgage Cadence and publicly-held like other entities doing business in the markets we serve. He really captured the essence of what I have been conveying all along; the decision was based largely on Mortgage Cadence and Monitor Clipper Partners’ belief in a customer-centric approach to lending. Ultimately, lenders appreciate technology providers geared towards customer service rather than forcing change through acquisition. I believe we have done just that through this transaction, and the decision to focus on the customer will ultimately lead to our continued profitability and success.
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