Lower completed the acquisition of Movoto from Ojo Labs.

Lower, a digital mortgage lender, completed the acquisition of Movoto, a real estate portal, from Ojo Labs, a real estate technology company. Financial terms were not disclosed. "The future of our industry lies in blending the best technology with the irreplaceable expertise of local agents and loan officers. Movoto is the perfect platform to accelerate this vision, allowing us to create a simpler, smarter path to homeownership. Acquiring Movoto strengthens our position as the challenger platform, enhancing our ability to deliver the best localized and personalized service and capture significant market share," Dan Snyder, Lower CEO and Co-Founder.