Announced
Completed
Financials
Tags
Completed
Majority
Acquisition
Single Bidder
United States
Domestic
online home lender
Private
Mortgage REITs: Residential
Friendly
Synopsis
SoFi, a digital financial services provider, completed the acquisition of Wyndham Capital Mortgage, a fintech mortgage lender. Financial terms were not disclosed. “At SoFi, we’re on a mission to help people get their money right and purchasing a home is often one of, if not the, biggest financial decision individuals make in their lives. Several macro- and socioeconomic factors – high inflation and rising mortgage rates, the new world of work, and others – have ushered in a new era across the U.S. real estate market. These changing conditions mean it's more important than ever that borrowers have a trusted partner they can look to as they go through the process of obtaining a mortgage for a home. Today’s acquisition of Wyndham Capital will not only allow us to scale and keep pace with accelerated growth, but also allow us to foster that growth in a way that brings value to our members through sales and operational efficiencies and helps members get their money right when it comes to one of life’s most significant financial milestones,” Anthony Noto, SoFi CEO.
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