Lower building in-house mortgage tech with Neat Labs acquisition

Lower will integrate Neat Labs’ technology into its own cloud-based originations platform and onboard co-founder Steve Herschleb as chief technology officer, executives announced Tuesday. Continue reading

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