After 11 years as a leading mortgage CUSO, Prime Alliance has been sold to become a subsidiary of Mortgage Cadence, a mortgage technology firm with a similar approach and some credit union clients.
As a subsidiary of Denver-based Mortgage Cadence, the Edina, Minn.-based firm will no longer remain a CUSO.
Roughly 600 credit unions around the country use the Prime Alliance mortgage processing platform, whether directly or indirectly through another housing finance CUSO.
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