Merger of Lower and Thrive would give Veritex 12.5% ownership stake

Parent company of Veritex Community Bank, which paid $54.9 million to acquire a 49 percent interest in Thrive Mortgage in 2021, expects a $25 million to $30 million loss if the deal closes. Continue reading

Lower signs Opendoor as first mortgage platform customer

Lower’s “mortgage as a service” platform lets brands offer digital-first mortgages through application programming interface and no-code solutions. Continue reading

Most Americans think now is the time to buy homes. Here’s their logic

Out of 1,000 homeowners and 1,000 renters participating, 56 percent or six of every 10 Americans think “right now” is a great time to buy a home, according to OnePoll on behalf of mortgage lender Lower. Continue reading

Lower launches ‘Realtor agnostic’ cash-offer service, MortgagePass

Less than a month after partnering with Orchard to provide Power Buyer services, Lower pilots its own program in Columbus, Ohio, with plans to go nationwide. Continue reading

Lower partners with Orchard to offer Power Buyer services

As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor. Continue reading

Why Lower.com is about much more than mortgage rates

There’s a backstory to Lower that explains why the company believes it can position itself as not just a lender, but “Everything for your home, for Lower.” Continue reading

Home finance startup Lower lands $100M in Series A funding

Lower will use the funds to expand its product line and accelerate its growth. The company’s website currently lists more than two dozen employment opportunities. Continue reading