The Bank Slate


SoFi buys fintech mortgage company

to broaden its suite of mortgage products, enhance unit economics and take ownership of “an intelligent and scalable platform.”

“Several macro- and socioeconomic factors – high inflation and rising mortgage rates, the new world of work and others – have ushered in a new era across the U.S. real estate market,” Anthony Noto, SoFi’s CEO, said in the release.

The acquisition “will not only allow us to scale and keep pace with accelerated growth, but also allow us to foster that growth in a way that brings value to our members through sales and operational efficiencies and helps members get their money right when it comes to one of life’s most significant financial milestones,” Noto added.

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