Sortis Holdings, Inc. (OTCPK:SOHI) acquired ClearSpring Loan Services, Inc. on March 30, 2017. Sortis Holdings will integrate its existing servicing business and its recently acquired lending operations into the ClearSpring platform, which will be rebranded under the Sortis Financial name and will operate as a wholly owned subsidiary of Sortis Holdings. The lending division will operate as a satellite office based in Portland, Oregon. Alan Sercy will be retained as the Chief Executive Officer of the company and Morgan Smith will be the President of the acquired entity responsible for the national lending division. Sortis Holdings, Inc. (OTCPK:SOHI) completed the acquisition of ClearSpring Loan Services, Inc. on March 30, 2017.