Mutual of Omaha Mortgage announced the strategic acquisition of the assets of Keller Mortgage LLC, previously a member of the Keller Williams family of companies. According to Mutual of Omaha Mortgage president Terry Connealy, Keller Mortgage will continue business operations alongside Mutual of Omaha’s existing forward and reverse mortgage divisions. Financial terms of the deal were not disclosed.
Finance of America Companies entered into an agreement to sell the operational assets of Finance of America Commercial to Roc Capital Holdings LLC, a vertically-integrated digital platform for residential real estate investors. Roc Capital will pay up to $30 million over three years for the assets, with a total to be calculated based on the assets’ performance. The sale is expected to close in the first quarter, although per a filing with the U.S. Securities and Exchange Commission, both parties retain the option to terminate the deal on June 1 if that date is reached before transaction is finalized.
CoreLogic acquired Roostify, marrying two of the industry’s leading fintechs under one umbrella. According to a statement from CoreLogic, the acquisition will integrate “Roostify’s digital mortgage technology platform with CoreLogic’s robust data, analytics and workflow solutions,” giving clients “critical information” about borrowers and properties at the beginning of the loan process. No financial terms of the deal were given.