MphasiS will acquire Digital Risk LLC, a provider of risk, compliance and transaction management solutions to the mortgage market. The acquisition is an all-cash deal valued at $175 million, with an additional earn-out component.
MphasiS says Digital Risk provides specialized risk, compliance and transaction management solutions for the mortgage industry. Digital Risk’s proprietary Making Mortgages Safe solutions suite is deployed by more than 15 originators, insurers, issuers and investors.
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