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’s “mortgage as a service” platform lets brands offer digital-first mortgages through application programming interface and no-code solutions. Continue reading
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
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
As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor. Continue reading
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
Offerpad has shuttered a joint venture it formed in 2017 with loanDepot and is now operating as a licensed mortgage broker in Alabama, Arizona and Colorado. Continue reading
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