Nathan Den Herder

Stories

PLACE agrees to acquire Ardley in mortgage tech consolidation push

Staying with Ardley as it becomes a PLACE subsidiary

PLACE agreed on October 9 to buy Ardley, whose software reads a lender's loan portfolio and sends borrowers pre-structured offers for refinances, second mortgages and home equity lines of credit. PLACE did not disclose the price, a closing date or whether regulators must approve the deal.

Updated Oct 27