Vipul Khanna, CEO of Firstsource Solutions, the parent company of Sourcepoint, added that the acquisition is “very complimentary and provides us adjacent capabilities in the mortgage value chain.”
“It enables us to scale the business by leveraging the strong demand for residential mortgage loan trading and securitization,” he said. “We’re particularly excited about integrating the offerings of our companies to provide the best-in-class, end-to-end mortgage solutions to both mid-and large market customers.”
“Sourcepoint has extensive experience in growing capabilities and businesses and has become a market leader by helping mortgage lenders and servicers operate with greater agility,” said David Green, chairman and CEO of the StoneHill Group. “We consider them a perfect fit and look forward to leveraging their resources and industry reach to take our company to new heights.”