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Filogix Acquires Doorr to Invest in Mortgage Marketplace
Friday 23 October 2020

UK-based Finastra has acquired Canadian mortgage application software provider Doorr, via its Canadian mortgage business Filogix, to connect brokers and lenders in the mortgage application process, the company said.

Terms of the transaction were not disclosed.

The acquisition will enhance Filogix capabilities in support of delivering next generation solutions to the Canadian mortgage market and deliver benefits to consumers, brokers and lenders.

Already a Filogix mortgage marketplace partner, the acquisition brings Doorr's advanced technology capabilities to Filogix, including a state-of-the-art user interface in the cloud enabling residential mortgage deals to be completed quickly, reliably and securely.

Finastra's legal counsel for the transaction was Stikeman LLP. Financial details have not been disclosed.

Doorr is a cloud-based CRM and mortgage workflow technology that provides mortgage brokers and financial institutions with a single environment to manage and interact with clients and partners (e.g. realtors).

Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities.

Filogix offers secure, reliable connectivity to brokers and lenders.
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Date Published: 23/10/2020

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