Constellation Mortgage Solutions Inc has acquired Mortgage Builder, a provider of loan origination and servicing software systems.

Mortgage Builder provides software to mortgage banks, community banks, credit unions and other financial institutions. In addition to loan origination software, its offerings include, servicing, relationship management, document management and a production portal.

[caption id="attachment_11458" align="alignleft" width="147"] Scott Smith[/caption]

“Mortgage Builder fits nicely within our portfolio of real estate SaaS providers, while expanding our technology offerings to serve new markets,” said Scott Smith, president of Constellation Real Estate Group. “Their long-standing commitment to service and dedication to meeting the evolving needs of their clients is evident by the multitude of recognition they’ve received in the mortgage industry. As we continue to grow our software and services portfolio, we’re pleased to welcome Mortgage Builder as the newest member of the Constellation Real Estate Group.”

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Constellation Real Estate Group has a buy-and-hold investment strategy, investing in vertical market software companies to manage and grow for the long-haul. Acquiring Mortgage Builder aligns is consistent with its strategy of investing in solutions that benefit the real-estate industry and professionals that use them.

“The Constellation Real Estate Group has a proven track record of delivering long-term value and stability to the companies it invests in,” said Stephen Ryczek, general manager of Mortgage Builder. “We look forward to leveraging their expertise and commitment to their brands and people to benefit and better serve our customers.”

According to Constellation, the acquisition of Mortgage Builder extends the company’s reach to more than 500,000 real estate agents, brokerages, franchises, and banks across the U.S. and Canada.