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September 14, 2007
Portellus Winding Down Mortgage Ops
Citing declining market conditions, Portellus Inc., Irvine, Calif., has announced plans to wind down its mortgage technology business unit and sell the unit's supporting technology assets. Portellus said, however, that arrangements have been made to preserve the company's multipurpose business rules management system, which will continue to be sold via licensing agreements into other vertical markets.
Posted by S. Germain at September 14, 2007 08:18 AM