Items Tagged with 'Mergers and acquisitions'

ARTICLES

  • 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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  • 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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