The deal comes with a 10-year agreement for Arch to serve as the exclusive mortgage insurance provider for Westpac LMI’s former parent financial institution in Australia.

The company is divesting itself of another piece of Xome after previously peddling Title365 to Blend Labs.

The acquisition of Florida-based Service Finance Co. would expand the North Carolina bank’s presence in the point-of-sale lending business.

The company's expanded portfolio through its acquisition spree drove revenue, representatives said.

The deal comes just days after Figure closed on a capital raise that valued it at $3.2 billion.

In late July, the Justice Department notified the Houston bank of a potential lawsuit alleging violations between 2013 and 2017, according to a securities filing. Cadence said that its prospective merger partner, BancorpSouth, supports the settlement discussions.

The acquirer will use the liquidation of a residential mortgage company’s assets to move several notches up in the rankings.

The proposed acquisition comes just days after Better.com announced plans to buy London-based online loan broker Trussle Lab.

One provision calls for the Consumer Financial Protection Bureau to look at unfair, deceptive or abusive acts and practices regarding competition.

The New York-based lender projects it has a $3.6 trillion market opportunity outside of the U.S.