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Home » Topics » Inside Mortgage Finance » Vendor News

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Money-Losing Zillow Eyes Mortgage Growth

March 1, 2019
Paul Muolo
Zillow Group, which has tentacles in the mortgage industry, in late February announced that Rich Barton, the firm’s co-founder and former CEO, is returning as chief executive. Spencer Rascoff, a co-founder who has served as Zillow’s chief since 2010, will step down but will stay on as a director.
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Appraisal Firm CoesterVMS Goes Out of Business

February 15, 2019
Yemeng Yang
CoesterVMS, a nationwide appraisal management company, has folded its tent, the apparent victim of a slowing mortgage market and other woes. As the weekend approached, the front door of the Gaithersburg, MD-based company was locked, its website down, and calls to the vendor were put on hold almost immediately.
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Is PE Firm Thoma Bravo Overpaying for Ellie Mae?

February 15, 2019
Paul Muolo
Private equity firm Thoma Bravo this week agreed to buy mortgage software giant Ellie Mae for roughly $3.7 billion in cash, a price some believe is too expensive based on the vendor’s declining revenue base.
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Transformation of Mortgage Tech: Ellie Mae for Sale?

February 8, 2019
Yemeng Yang
The share price of mortgage software giant Ellie Mae took off like a rocket early this week after rumors began swirling around the industry that the company is pondering a sale.
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