Items Tagged with 'Mergers and acquisitions'

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  • BB&T, SunTrust announce new Charlotte headquarters

    Merged companies will transition employees to new city
    BB&T announced in February its pending merger with SunTrust Banks in a $66 billion deal that marked the largest big bank merger since the financial crisis. Now, the companies have revealed the location of their new headquarters – a 550,000-square-foot office located in a tower in Charlotte, North Carolina, set to house 2,000 employees from both banks.
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  • Homebridge expands mortgage business by acquiring retail loan centers from HomeStreet Bank

    Completes first part of acquisition
    Two companies that share similar names are heading in different directions in the mortgage business – HomeStreet Bank is moving away from mortgage lending, while Homebridge Financial Services is diving in. Homebridge announced this week that it has acquired HomeStreet’s mortgage loan production branches and fulfillment functions in Washington, Oregon, and Idaho, including processing, underwriting and funding, and hired the related personnel.
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  • Covius buying sizable chunk of Chronos Solutions' business

    Set to acquire credit, verification, REO, and auction businesses
    Covius Holdings, the technology solutions provider formerly known as LenderLive, is about to grow its business significantly by acquiring a sizable piece of Chronos Solutions. According to Covius, the company has agreed to acquire Chronos’ credit, flood, income and tax verification services, government services, REO management and disposition, online foreclosure auction, and HOA tracking units.
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  • Lone Wolf Technologies boosts real estate tech offerings by acquiring zipLogix

    zipLogix’s offering will be integrated into Lone Wolf’s platform
    Just over 18 months ago, Lone Wolf Technologies, a provider of residential real estate software, expanded its offerings when it acquired Instanet Solutions, a provider of transaction management, electronic forms, and eSignature solutions for the real estate industry. And now, Lone Wolf is at it again. Lone Wolf announced Monday that it acquired zipLogix, which also provides transaction management, electronic forms, and eSignature solutions for the real estate industry.
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  • Real estate startup Reali acquires online lender Lenda, expands into mortgages

    Launches Reali Loans
    Reali, a flat-fee real estate startup that operates in California, is following the path laid out by other tech-focused real estate companies like Zillow, Redfin, and Opendoor and getting into the mortgage business. Reali announced Wednesday that it acquired Lenda, an online mortgage lender that launched in 2013 and currently operates in 12 states.
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  • Colony Bank buying PFB Mortgage

    Georgia bank expanding mortgage business
    Colony Bank, which operates 27 branches throughout Georgia, is set to grow its mortgage business, as the bank announced this week that it plans to acquire PFB Mortgage, the secondary market mortgage business of Planters First Bank. According to Colony Bank, PFB Mortgage originated more than $100 million in mortgages last year, and the bank expects the addition to help double its mortgage business in the future.
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  • Home Point Financial acquires Platinum Mortgage’s wholesale division

    Growth continues for Home Point
    The last few years have been a period of growth for Home Point Financial. It began back in early 2015, when Home Point announced the acquisition of Maverick Funding, with Maverick’s business becoming Home Point’s initial mortgage banking platform. And it appears Home Point has no plans to slow down.
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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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