Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
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Visa has agreed to buy Plaid in a $5.3 billion deal, the companies have announced. The startup provides some of the financial plumbing for fintechs and has a mortgage industry presence.
The acquisition indicates last year’s surge of fintech M&A will extend into 2020, as Bloomberg reports.
Although better known for serving apps like Venmo and Robinhood, Plaid is also busy in the mortgage industry, including partnerships with Ellie Mae and Fannie Mae.
