Ultraprise Loan Technologies, Inc., the mortgage technology company created by the merger of Ultraprise Corporation and LoanTrader, Inc., announced today that it has closed a $9.5 million round of equity funding led by Capital Z Financial Services Fund II, L.P.

Ultraprise Loan Technologies will use the new round of venture funding to integrate the two companies and expand its customer base by marketing an end-to-end solution that significantly addresses the operational inefficiencies in the mortgage industry's primary and secondary markets.

Capital Z Financial Services Fund II, L.P., a global private equity fund focused on investment opportunities within the financial services, insurance and healthcare industries, led the financing. Previous investors FBR Technology Venture Partners and FBR Financial Service Partners, as well as new investor, Koch Ventures, Inc. participated in the round.

Ultraprise Loan Technologies, Inc. provides the technology infrastructure for loan processing from origination to securitization. The company's robust suite of Web-based services is available as either a hosted ASP solution or as licensed software. Formed by the merger of two mortgage technology leaders - Loan Trader, Inc., in the primary market and Ultraprise Corporation, in the secondary market - Ultraprise Loan Technologies, Inc. integrates existing corporate applications and infrastructures to automate data movement and enable intelligent interactions between originators, lenders, third-party service providers and Wall Street.

Published: June 13, 2001

Use of this article without permission is a violation of federal copyright laws.