SoFi Technologies: Acquires Leading Fintech Mortgage Lender, Wyndham Capital Mortgage
- SoFi Technologies, Inc. has acquired Wyndham Capital Mortgage, a leading fintech mortgage lender, in an all-cash transaction
- The acquisition will allow it to expand its suite of mortgage products, improve unit economics
- The integration of Wyndham Capital’s talent and technology will minimize reliance on third-party partners and processes
- The acquisition is not expected to be material to the 2023 financial outlook but is expected to be accretive within six months
- Wyndham Capital has a 98% satisfaction rating and has helped more than 100,000 borrowers since it launched over two decades ago
- It will be integrating Wyndham Capital’s team and technology platform into its Lending business to strengthen
