SitusAMC announced on Jan. 25 that it has acquired outsourcing solutions company Assimilate Solutions. The Assimilate management team, including co-founder and CEO Amrit Gujral, will be retained by Situs AMC. The transaction is the latest acquisition for aggressively expanding SitusAMC, which also recently acquired ComplianceEase and ReadyPrice.
On Jan. 26, Roostify announced that it secured $32 million in a Series C funding round, bringing its total capital raised to $65 million. The round was led by Ten Coves Capital, which was joined in investing by Stone Point Capital and returning investors Cota Capital, Mouro Capital, Colchis Capital, Point72 Ventures and JPMorgan Chase. Roostify intends to use the funding in part to increase its staff by 50%.
Rocket Mortgage announced on Jan. 27 the launch of its new national mortgage broker directory, allowing users of their website to find a local independent mortgage broker in their community. According to Rocket Pro TPO Executive Vice President Austin Niemiec, the directory “not only includes the 43,000 individual loan officers who work with us, but every mortgage broker in the country.”
Milo on Jan. 27 announced a $6 million seed financing round, including participation from QED Investors, MetaProp and 10X Capital. According to a release from Milo, the digital lending startup last year became the first company to do a fully remote digital closing for a home loan for an international consumer.
Also on Jan. 27, loanDepot announced the launch of the initial public offering (IPO) of 15 million shares of its Class A common stock, an offering signaled by the company’s registration statement filed on Jan. 11. The offering consists of 9.41 million shares sold by loanDepot, along with 5.59 million shares sold by funds managed by Parthenon Capital Partners. The IPO price is expected to be between $19 and $21 per share, trading on the New York Stock Exchange under the ticker symbol “LDI.” It was a busy week for loanDepot, which on Jan. 25 announced that it has been named the official mortgage provider of Major League Baseball.
Zillow announced on Jan. 28 that it has expanded its Local Legal Protections tool, which now provides source of income and voucher discrimination protection data on all rental listings. The new data-powered resource is designed to inform renters about whether their state or local laws offer protection from discrimination based on how they pay the rent, whether they use wages from their job, a housing choice voucher (commonly known as Section 8), or alternate forms of income, such as alimony or disability.