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Parent company of Veritex Community Bank, which paid $54.9 million to acquire a 49 percent interest in Thrive in 2021, expects a $25 million to $30 million loss if the deal closes.
Lower's "mortgage as a service" platform lets brands offer digital-first mortgages through application programming interface and no-code solutions.
As rising interest rates curb mortgage refinancings, Lower will target homebuyers through a partnership with iBuyer powerhouse Opendoor.