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LoanDepot to IPO this week at possible $6.2B valuation

Housing Wire

billion valuation later this week. If all goes according to plan, loanDepot would command a valuation of $6.2 At the time, loanDepot was seeking a valuation of between $12 billion and $15 billion, Bloomberg previously reported. The momentum for non-bank lending is here to stay. “The billion to $2.6

Valuation 458
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Narrow Gauge Capital acquires Inco-Check

Housing Wire

With NGC’s acquisition of Inco-Check, the company aims to enhance loan quality and prevent fraud in a competitive mortgage and consumer lending market, Inco-Check said. Boston, Massachusetts-based NGC, founded in 2015, is focused on making investments in health care services, financial services technology, distribution and logistics sectors.

Logistics 370
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People movers: SimpleNexus, Roostify, First American, Tom Ferry International

Housing Wire

Schreiner Gates, a technology veteran with more than three decades of experience, joined SimpleNexus’ board of directors in April 2020. Between 2015 and 2019, she served as executive vice president of sales and marketing at cloud-based mortgage technology provider Ellie Mae.

Lending 351
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LoanDepot says it’s going public (for real this time)

Housing Wire

After a dramatic false start in 2015, California-based lender loanDepot says it’s finally going public. LoanDepot , backed by private equity shop Parthenon Capital Partners, first announced plans to go public in September 2015 , but canceled the IPO hours before pricing due to what the company called adverse “market conditions.”

Retail 432
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Blend breaks into title insurance with latest acquisition

Housing Wire

Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. Cooper’s original name prior to rebranding) in 2015. Streamline by combining services.

Insurance 397
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Navigating capacity concerns amidst record-high volumes

Housing Wire

In times like these, the “one-stop-shop” approach to the servicing and lending process has become even more appealing, and there is a company providing that in a flexible capacity: Xome. In light of the pandemic, mortgage companies have a great opportunity to leverage digital technologies in unique ways. A Comprehensive Solution.

Clients 384
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Free Webinar: Components of AMC Training by Josh Walitt

Appraisal Buzz

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Josh : I am a compliance and valuation consultant based in Colorado. Register to receive the full recording in your inbox as soon as it’s over!

Training 366