The deal adds to the burgeoning technology stack at the Houston-based title underwriter, which added NotaryCam in December.

The transaction goes a long way toward the company’s goal to amass MSRs with a total unpaid principal balance of up to $150 billion.

Guild announced the $196.7 million acquisition after reporting that it more than doubled its net income in the first quarter, compared to the last three months of 2020.

After massive fundraises and IPO rumors swirled, the originator and servicer announced it will merge with Aurora Acquisition Corp. and go public in the fourth quarter of 2021.

The company is formally launching a new “non-mortgage” unit that will provide small loans for home improvement projects.

The real estate investment trust has been buying residential business-purpose loans from the company since 2017.

This is the first deal that serial acquirer FOA has announced since it went public on April 5.

The Dallas company will pay nearly $54 million for a 49% stake in a lender that operates in 10 states.

For a lot of IMBs facing shrinking backlogs and falling secondary market spreads, the attraction of hitting a bid and taking the easy way out via an acquisition may become irresistible, writes Chris Whalen.

At first the deal seemed an unlikely marriage of two mortgage-heavy companies. But acquiring the Michigan company would help New York Community accomplish its two chief goals — reducing deposit costs and its concentration of multifamily loans — while giving it the scale to pursue more deals.