Arbuthnot Banking Group has exchanged and completed an agreement with 5D Finance, a member of the OneSavings Bank (OSB) group, to divest a residential mortgage portfolio called Tay mortgage. The divested Tay mortgage consists of the remaining balances from the acquisition made in late 2014, when Arbuthnot Banking Group bought the loans from the administrators […]
Western Alliance Bancorporation has agreed to acquire Aris Mortgage Holding Company, the parent company of AmeriHome Mortgage Company, for $1bn. Based in Thousand Oaks, California, AmeriHome Mortgage is a residential mortgage acquirer and servicer. The company is said to have a B2B approach to the mortgage ecosystem via its relationships with more than 700 independent […]
Trustar Bank, a chartered bank based in Virginia, has acquired Granite Mortgage, a full-service correspondent mortgage loan lender based in Fairfax, Virginia. The financial terms of the deal were not disclosed. Granite Mortgage is engaged in providing conventional, federal housing administration (FHA), and veterans affairs (VA) loans and also a range variety of non- qualified […]
Lendesk Technologies, a fintech provider for Canadian mortgage industry professionals, has acquired Finmo Financial Technologies, a digital mortgage origination provider based in Calgary. The financial terms of the deal were not disclosed. Finmo Financial Technologies is said to help mortgage professionals in offering a truly digital experience to their clients. The company’s Smart Docs algorithms […]
Intercontinental Exchange acquisition of Ellie Mae : US financial market company Intercontinental Exchange (ICE) has signed a cash cum stock deal worth around $11 billion to acquire Ellie Mae, a cloud-based mortgage software provider, from private equity investment firm Thoma Bravo. Based in California, Ellie Mae was established in 1997 with a goal to automate […]
Private equity firm GTCR has agreed to divest Optimal Blue, a secondary market solutions and actionable data services provider to Black Knight, a provider of integrated software, data and analytics to the mortgage and real estate sectors, for $1.8 billion in an all-cash deal. Black Knight said that it will merge its Compass Analytics business […]