DALLAS – Catalizador Private Equity Fund said it has acquired MortgageDashboard, a provider of on-demand loan origination software systems for credit unions and banks.
Catalizador took control of MortgageDashboard last fall, when the technology firm lost an important line of credit and was on the brink of insolvency.
MortgageDashboard was created by Jorge Sauri almost a decade ago to be a web-based mortgage banking software solution for loan originators. The LOS was quickly adopted by brokers and net branch operators who were attracted to the affordable SaaS product.
At one point, the company was serving a user base of more than 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, but nearly ran out of time.
