
"Linkhome Holdings Inc. has agreed to acquire Constant Investments Inc., dba Mortgage One Group, a move that will speed the national rollout of its AI-powered Cash Offer and Buy Before Sell programs. Financial details of the deal were not disclosed. Announced on Wednesday, the deal would give Nasdaq-listed Linkhome 100% of Mortgage One Group's equity interests, subject to customary closing conditions. The transaction is expected to close on or before July 1."
"Mortgage One Group operates through eight branch offices, holds mortgage lending licenses in 18 U.S. states including eight currently active state licenses and has a team of roughly 30 loan officers and nine loan managers. The company also maintains an $18 million warehouse line of credit. Mortgage tech platform RETR shows the company originated about $174 million in volume over the past 12 months, with most of the volume tied to purchase and conventional loans. Texas and California are its main states of business."
"“This is a defining moment in Linkhome's journey to redefine how Americans buy, sell, and finance their homes,” Zhen (Bill) Qin, CEO of Linkhome, said in a statement. “Mortgage One Group brings us a talented team, an established multi-state lending platform, and a foundation we believe is well-suited for the AI-driven future of housing finance.”"
"Qin said the company expects the combination of Mortgage One Group's lending capabilities and Linkhome's AI technology to support a faster, smarter, and more transparent mortgage experience, helping more Americans become homeowners. Its AI-powered platform spans real estate brokerage, mortgage origination and consumer home finance. Linkhome said it plans to integrate its proprietary AI c"
Linkhome Holdings Inc. agreed to acquire Constant Investments Inc., dba Mortgage One Group, to speed the national rollout of AI-powered Cash Offer and Buy Before Sell programs. The deal would provide Linkhome 100% of Mortgage One Group’s equity interests, subject to customary closing conditions, with an expected close on or before July 1. Mortgage One Group operates eight branch offices and holds mortgage lending licenses in 18 U.S. states, supported by an $18 million warehouse line of credit. The company has about 30 loan officers and nine loan managers, and originated roughly $174 million in volume over the past 12 months, mainly from purchase and conventional loans. Texas and California are its primary markets.
#ai-enabled-mortgage-automation #mortgage-lending #cash-offer-program #buy-before-sell-program #mergers-and-acquisitions
Read at www.housingwire.com
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