Items Tagged with 'Mergers and acquisitions'

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  • American Mortgage Consultants continues buying spree, acquires String Real Estate Information Services

    String is the 6th services firm acquired by AMC since December 2015
    American Mortgage Consultants, a due-diligence firm that caters to secondary market participants, has been on a buying spree in the last few years, acquiring five different services firms since December 2015. And the company is not ready to slow down either. AMC announced this week that it acquired String Real Estate Information Services, a provider of title search outsourcing services.
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  • MBA Servicing: What does the future of mortgage servicing look like?

    Panel calls for more innovation in servicing
    Leaders from the FHFA, USDA and VA took the stage at the Mortgage Bankers Association’s Servicing conference Tuesday to talk about the future of mortgage servicing. So what does that future look like? More M&A, more tech investment and, if you’ve got a really long lens, more standardization.
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  • TIAA Bank exiting retail mortgage lending, selling to U.S. Bank

    Shifts focus to digital mortgages
    Just over 18 months ago, TIAA was finalizing its $2.5 billion acquisition of EverBank, touting the deal as a “significant” expansion of its retail footprint and an extension of its existing retirement, investment and advisory services. Then, in July 2018, the company rebranded TIAA Direct and EverBank to TIAA Bank. But now, just a few months later, TIAA Bank is moving to get out of retail mortgage lending and will shift its focus to digital mortgages.
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  • HomeStreet Bank moves to sell off almost entire mortgage business

    Lender’s mortgage business has struggled recently
    After struggling to keep up with the mortgage business’ new reality of lower refinance originations due to higher mortgage interest rates, HomeStreet Bank is plotting a mass exodus from the mortgage business. The bank announced Friday that it is planning to sell off its entire retail mortgage operation, which includes 72 home loan centers in five states.
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  • Here’s how much Mr. Cooper is paying to buy Pacific Union Financial

    SEC filing reveals financial details
    On Tuesday, Mr. Cooper, the nonbank formerly known as Nationstar Mortgage, officially confirmed that the company finalized its acquisition of Pacific Union Financial, a development that HousingWire first reported on Monday. What wasn’t known at the time or disclosed in Mr. Cooper’s announcement about the deal is how much Mr. Cooper is paying to buy Pacific Union, but an SEC filing reveals the financial details of the deal.
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  • Consolidated Analytics grows offerings by acquiring Carrington Property Services

    Adds provider of REO asset management, rental management, valuation services
    Consolidated Analytics, a provider of property valuation, loan due diligence, mortgage fulfillment, and advisory services for the real estate finance industry, announced Monday that it acquired Carrington Property Services, a provider of third-party REO asset management, rental management, and valuation services.
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  • Mr. Cooper acquires Pacific Union Financial

    Closes on acquisition first reported by HousingWire in November
    Mr. Cooper, the nonbank formerly known as Nationstar Mortgage, has now finalized its acquisition of Pacific Union Financial, a deal that was first reported by HousingWire in November. At the time, Mr. Cooper said that it planned on closing on the Pacific Union acquisition in “early 2019.” HousingWire can now report that the acquisition has been finalized.
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  • Fintech company Plaid boosts capabilities by acquiring competitor Quovo

    Reportedly spending $200 million in deal
    Last month, Plaid, a technology platform that connects various applications with users’ bank accounts and has a growing presence in the mortgage space, raised $250 million in its Series C funding round that pegged the company with a reported valuation of $2.65 billion. At the time, the company said that it planned to use the money to expand. And now, the company is using much of that money to do just that by acquiring one of its competitors.
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