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Private Equity Group Completes Acquisition of MortgageDashboard

Catalizador Private Equity Fund, a team of venture capitalists that includes Jim McMahan, Stewart Hunter, and Bryan Harlan of Dallas' ""Benchmark Mortgage"":http://benchmark.us and other Texas-based business partners, announced this week the completed acquisition of ""MortgageDashboard"":http://www.mortgagedashboard.com.


MortgageDashboard, based in Austin, Texas, provides lenders, credit unions, and banks with loan origination software systems that enable paperless mortgage processing. Catalizador took control of MortgageDashboard last fall when the technology firm lost an important line of credit and was on the brink of insolvency.

""We were attracted to MortgageDashboard when a group of private investors with significant mortgage industry backgrounds introduced us to the technology and called it the best completely online, Web-based loan origination software on the market,"" said Jim McMahan, managing partner of Catalizador. ""Our fund looks to the future of the housing finance industry and this Web-based loan software is the way loans will be originated going forward.""


Catalizador Private Equity Fund stepped in to recapitalize MortgageDashboard to allow it to continue operations and began the acquisition process. MortgageDashboard says now that the acquisition has been completed, it is one of the few mortgage technology firms operating today that has its flagship product in use as a mission critical application at the institution run by its primary investors.

MortgageDashboard was created to be a Web-based mortgage banking software solution for loan originators by Jorge Sauri almost a decade ago. The LOS was quickly adopted by brokers and net branch operators. At one point, the company was serving a user base of over 3,000 customers nationwide. When wholesale lending fell out of favor, the company began to shift its focus to mortgage banks, credit unions, and community banks.

Sauri has remained with the company he founded and is now the company's chief developer and chief information officer. David Childers has been tapped as a primary strategist and the company's VP of sales. Childers has over 10 years' experience working with mortgage brokers and bankers, assisting them with developing their businesses and executing strategies.

""We're seeing tremendous adoption in this market for three primary reasons,""
Childers said. ""First, lenders appreciate the comprehensive audit trails we provide our customers, which allows them to remain in full compliance with all FDIC, GLB, and Sarbanes Oxley requirements for data security and borrower privacy.""

Childers continued, ""Secondly, we maintain a SAS-70 secured environment monitored and controlled by an independent third party for the industry's best disaster recovery solution. Finally, our SaaS mortgage banking software puts our customer's data in a secure online environment that they can access anytime from anywhere.""

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

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