Yes, but it differs from Mormonism at foundational points. I will explain the central difference first, so that what follows will be clear. All spiritual progress is accomplished in Catholicism through grace as an absolute first principle, whereas in Mormonism personal effort is logically and actually prior to grace. Mormon leaders have often taught that “grace alone” is a morally irresponsible doctrine, whereby men seek to place the burden of their own salvation upon God rather than themselves. This criticism requires a presupposition that free human acts require separation from God, for if God moves the will by grace, he is forcing the human being to obey him. Yet this treats God as an extrinsic principle, acting on man from without, rather than an ex nihilo creator, acting from within, using the properties of human nature itself, creatively, so that God literally moves man’s free will. This is an inconceivable proposition for a materialist Mormon, but not for a Catholic. The Mormon criticism as usual assumes materialism in its interpretation of classical Christian doctrine, resulting in an improper and abusive critique. This leads Mormons to believe that they hold a monopoly on believing in personal effort and progress, since they have never understood what the alternative to their own theology actually is.
In the Catholic view, human beings grow in sanctity through freely receiving the grace of God. Good works done as a result of grace yield merit by participating in the cross of Christ. God responds to this merit by moving man’s free will with further grace, resulting n a further attainment of holiness. The ultimate objective in the process is to attain a state of sanctity that imitates Christ. In heaven, man becomes so permeated by grace that he resembles God, not because he has the same nature as God, but for the opposite reason - because grace itself, not part of our nature, brings with it an infusion of the divine nature into us over and above the limited potential of a human nature in itself.