LD Holdings Group LLC, parent company of loanDepot, announced on Jan. 11 that a registration statement has been filed for a proposed initial public offering (IPO) of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have yet to be determined. LoanDepot intends to list its stock on the New York Stock Exchange under the symbol “LDI.”
SitusAMC Holdings Corp. announced on Jan. 11 that it has acquired mortgage fintech ReadyPrice. The acquisition continues SitusAMC’s assertive expansion of late, following its September purchase of ComplianceEase. SitusAMC will retain ReadyPrice’s management team, with founder Rick Soukoulis to stay on board to lead day-to-day operations.
Home Point Capital Inc., parent entity of Homepoint, announced on Jan. 12 that it intends to offer $500 million in senior notes in a private placement sale, subject to market conditions. The notes will be guaranteed by Home Point Capital’s subsidiaries, including Homepoint. Half of the net proceeds are intended to be distributed among the owners of the company, with the remainder tabbed to repay outstanding debt under its mortgage servicing rights financing facility. The announcement of the sale comes a week after Homepoint filed for an IPO, with a placeholder offering of $100 million.
Digital mortgage servicing platform Brace announced on Jan. 12 that it has raised an additional $15.7 million in Series B funding. The funding round closed late last year just 10 months after its Series A offering, bringing Brace’s total funding to more than $30 million. New investors include Canvas Ventures, while existing major investors Point72 Ventures and Crosslink Capital also participated in the funding round.
Appraisal software firm Reggora announced on Jan. 12 the completion of its $30 million Series B funding round. The round saw investment from returning investors Spark Capital, Boston Seed and 1984, as well as new investors Shine Capital and Greenpoint Partners. The financing round brings the total capital raised by the company to over $45 million.
Lending fintech Blend announced on Jan. 13 that it closed $300 million in Series G funding, nearly doubling its valuation to $3.3 billion in five months. Investment was led by Coatue and Tiger Global.
First Community Mortgage (FCM) announced on Jan. 14 that it is set to acquire A Mortgage Boutique (AMB), a transaction FCM hopes to close within the next month, pending regulatory approval. Both privately held mortgage organizations are headquartered in Murfreesboro, Tennessee. Financial terms of the transaction were not disclosed.
