Tuesday, July 10, 2018

Optimal Blue Buys Resitrader

Plano-based Optimal Blue, which develops software for the mortgage industry, said on Tuesday afternoon that it has acquired Resitrader, which operates a mortgage loan trading platform. Financial details of the acquisition were not announced. Resitrader was founded in 2015, and provides automation of buying and selling of mortgage loans, using an auction process. Scott Happ is the CEO of Optimal Blue, and John Ardy is the CEO of Resitrader. Optimal Blue said that Resitrader's entire team will join the company as a result of the acquisition.