Content area
Full Text
Famie Mae, Freddie Mac strengthen standards position in the B2B marketplace.
In the words of Mark Twain, rumors of the death of the business-to-business mortgage marketplace have been greatly exaggerated, at least for the major players.
It appears that the larger firms are becoming stronger in the B2B marketplace while the smaller firms are selling off their technology.
Sometimes, those smaller firms can see solid gains by being acquired. Other times, they sell their technology at fire-sale prices.
This year, ALLTEL Information Services in Little Rock, Ark., purchased Xpede's technology to enhance its customer relationship management program. ALLTEL also purchased Cybertek and its iLoan business-to-business technology. Now, ALLTEL is working on its own B2B technology called Mortgage PhD.
FiServ in Lake Mary, Fla., bought some of nCommand's technology, but only after nCommand closed shop.
"They got what they needed at discounted prices," said Richard Beidl, an independent industry analyst.
Ultraprise Corp., a B2B exchange in Frederick, Md., has turned its attention to selling its software technology. However,...