Lower, a Columbus, OH-based digital mortgage lender, acquired Neat Labs, a company providing end-to-end mortgage origination software.
The amount fo the deal was not disclosed.
Lower will integrate Neat Labs’ proprietary software into LowerOS, a comprehensive, cloud-based mortgage platform designed to deliver a borrower experience and reduce the time and cost to produce a loan.
Founded in 2015, Neat Labs developed a platform that streamlines the mortgage process from pricing to loan approval and closing. It originated over $1 Billion in loans, taking borrowers from application to funding in as little as 10 days.
Led by CEO Dan Snyder, Lower is a digital mortgage lender that meets customers both online through its website, and offline though its distributed retail branches.
