Ncontracts, a provider of integrated risk management solutions for the financial services industry, has acquired the OnSemble intranet portal from Passageways, Inc. The OnSemble intranet portal provides a full communication platform that activates a company’s culture by keeping employees informed, aligned, engaged, and enabled.
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nCino, Inc. (NASDAQ: NCNO), a provider of cloud banking and digital transformation solutions for the global financial services industry, has entered into a definitive agreement to acquire SimpleNexus in a stock and cash transaction valued at approximately $1.2 billion. SimpleNexus seamlessly unites the people, systems, and stages of the home buying process into a single end-to-end experience, enabling loan officers, borrowers, real estate agents and settlement agents to manage the homeownership journey in the palm of their hands.
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Sourcepoint, a Firstsource company and provider of outsourced mortgage services and solutions, has entered into a definitive agreement to acquire The StoneHill Group, subject to regulatory approvals. The acquisition enhances Sourcepoint’s mortgage offerings with sophisticated domain expertise – backed by a proprietary platform – for mortgage quality control (QC) and due diligence, while also increasing access to mid-market lenders.
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By Tony Garritano
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Covius Holdings, Inc. (“Covius”), a provider of technology-enabled solutions to the financial services industry, has completed the acquisition of Palm Harbor, Florida-based Nationwide Title Clearing, LLC (“NTC”) and that approximately 670 NTC associates and senior management have now joined Covius.
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Covius Holdings, Inc. (“Covius”), a provider of technology-enabled solutions to the financial services industry, has reached an agreement to acquire Palm Harbor, Florida-based Nationwide Title Clearing, Inc. (“NTC”), a national lien release provider.
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LRES Corporation, a diversified REO/Asset Management and Valuations company, has signed a definitive agreement to acquire Keystone Asset Management, Inc., a Pennsylvania corporation. The deal is expected to be completed September 1, 2021, and the joined companies will operate under the LRES Corporation name.
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LoanLogics, a digital mortgage solutions provider creating an investor network ecosystem for digital loan commerce, reported that an affiliate of Sun Capital Partners, Inc. (“Sun Capital”), a private investment firm focused on defensible businesses in growing markets, has completed an acquisition of the company. Terms of the private transaction were not disclosed.
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LERETA, LLC (“LERETA” or “the Company”), a national provider of real estate tax and flood services for mortgage servicers, and its equity holders, including funds managed by Tarsadia Investments, LLC, has reached an agreement to sell the Company to private equity firms Flexpoint Ford and Vestar Capital Partners. The transaction is expected to close within 30 days.
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Chrysalis Holdings, LLC, announced it has made a significant investment in INVISR, a leading financial technology business focused on digital transformation. With the investment, INVISR CEO and co-founder Tal Gozhansky will become Chief Technology Officer (CTO) of Chrysalis Holdings’ portfolio companies while continuing to lead INVISR. Before founding INVISR, Tal Gozhansky was a leader in launching and scaling Salesforce’s Financial Services practice in New York City, and technology initiatives for multiple Fortune 500 financial services firms.
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