Acquisition

Lower, a digital mortgage lender, announced the acquisition of proptech and flagship real estate portal, Movoto.  This acquisition combines Movoto’s significant reach with Lower’s lending platform and retail network, creating an end-to-end homeownership platform while offering a growth engine for real estate agents and loan officers.

LoanPASS, a provider of loan pricing and decisioning software, has acquired PMI Rate Pro, a Kansas-based fintech specializing in API-driven private mortgage insurance (PMI) pricing technology. The acquisition brings together two innovators in mortgage tech to deliver a comprehensive and connected platform for product configuration, pricing, eligibility, and mortgage insurance quoting.

A&D Mortgage has closed its acquisition of the wholesale and non-delegated correspondent mortgage business from Mr. Cooper Group Inc. (“Mr. Cooper”).

The acquisition of Sales Mastery by Momentum Builder creates a unique force in the housing industry.

Ncontracts, a provider of integrated compliance, risk, and vendor management solutions to the financial services industry, has acquired Venminder, a unified platform for managing third-party risk.

Planet Home Lending, LLC, a national mortgage lender and servicer, has acquired certain assets of retail lender Axia Home Loans, Bellevue, Washington, an employee-owned company with branches in 17 states.

HomeAdvantage—a subsidiary of Jason Mitchell Group Holding Partners—has acquired Real Estate Connection (REC)—a REALTOR® management company and brokerage. REC will now offer the HomeAdvantage product and nationwide MLS for lender accounts.

Atlantic Closing & Escrow (“ACE”), a national, attorney-driven settlement services firm, has acquired Maryland-based title agency Village Settlements. The company will be rebranded as “Village Settlements, An Atlantic Closing & Escrow Company.”

Williston Financial Group (WFG), a Portland-based, full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, announced that its marketing and technology subsidiary, MyHome, a Williston Financial Group Company (MyHome) has completed the acquisition of Volly, a national provider of dynamic technology and marketing services for banks, credit unions, and mortgage lenders.

Capstone Partners, a middle market investment banking firm, released its November 2023 Financial Technology (FinTech) Market Update, reporting that the FinTech sector has showcased significant strength amidst economic turbulence and heightened regulatory oversight, evidenced by healthy levels of merger and acquisition (M&A) and financing activity through year-to-date (YTD).