Industry Briefs, Dec. 20, 2023

(Image courtesy of Markus Winkler via

Ncontracts Acquires Quantivate

Ncontracts, Brentwood, Tenn., announced it has acquired Quantivate, Woodinville, Wash., a provider of governance, risk and compliance solutions for banks and credit unions.

The transaction will allow Ncontracts to add further solutions and services for its customers.

Terms of the acquisition were not disclosed, but Ncontracts CEO Michael Berman will continue in his role with the newly combined company.

Truv Added as AIM Provider

Truv, San Francisco, is now a service provider supporting Freddie Mac Loan Product Advisor asset and income modeler.

This integration will allow lenders to use Truv’s platform to obtain and transmit information and data required to Freddie Mac’s LPA for the AIM assessment.

As an AIM service provider, Truv’s enterprise open finance platform will be able to automatically take borrower-submitted payroll information and instantly verify more than 100 unique borrower income and employment data points.

Empower LOS, DocMagic Integration Enhanced

Dark Matter Technologies, Jacksonville, Fla., announced enhancements to an integration between the Empower loan origination system and the DocMagic, Torrance, Calif., document generation solution.

DocMagic services are now also available for wholesale and home equity originations in the Empower system.