UniversalCIS, a provider of credit data and related origination solutions in the mortgage industry, and Credit Plus, a provider of mortgage verifications and business credit reports, have merged.
Credit Plus brings over three decades of experience assisting more than 2,500 lenders with its information and verification services throughout the mortgage origination process. UniversalCIS has over 4,000 clients and utilizes an innovative, proprietary technology platform that offers credit data and origination solutions and serves as the first interaction point for clients in the loan application process.
The new company will become the largest in the industry and serve over 6,500 banks, non-bank mortgage lenders, credit unions and mortgage brokers, the companies said.
“Credit Plus and UniversalCIS are widely recognized in the mortgage industry for providing best-in-class service and support during every stage of the mortgage origination life cycle,” said Perry Steiner, chairman and CEO of the combined company. “This merger emphasizes our commitment to providing our clients with the best technology, service and solutions to meet all of their needs, and we look forward to working with the Credit Plus team as we continue to accomplish this mission.”
The combined business will have over 750 employees and will maintain all of its current operations centers in 12 states.
“We believe that UniversalCIS’ culture and values align well with our company. Better together, we share a common vision for transforming verifications and insights to better serve all lenders and their borrowers,” said Greg Holmes, chief revenue officer of the combined company.