Magazine article Mortgage Banking
Mortgage Builder Acquires LXE Software
Southfield, Michigan--based Mortgage Builder Software, a provider of loan origination software (LOS) and loan servicing software (LSS), has acquired Denver-based LXE Software Inc. LXE Software, a provider of customer relationship management (CRM) and product pricing and eligibility engine (PPE) technology, has more than 50 clients, several of which are also current Mortgage Builder clients.
LXE Software's flagship product, LoanXEngine, combines the essential services of lead management, product pricing and eligibility, and CRM workflow into a single, easy-to-use platform. As part of the acquisition, Alan Johnson, the company's founder and chief executive officer, will remain with the company and become a senior executive within the Mortgage Builder management team. LXE Software's other employees will also remain, and the offices in Denver will form the nucleus of Mortgage Builder's physical presence in the western United States.
LoanXEngine will be integrated into Mortgage Builder's new LOS platform, Architect, which launched in October with an array of major enhancements and a new look. LoanXEngine will continue to be available as a standalone product that works seamlessly with any loan origination software system. "LoanXEngine is very popular with its users, so we will make sure they can continue to enjoy its superior features with full support," said Keven Smith, Mortgage Builder's president and chief executive officer. "It's an incredibly dynamic product that brings great value to loan officers on the front end of the mortgage process, as well as to secondary marketing efforts. …