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SPAC slowdown, SmartRent strikes a $2.2B deal
Plus, “Smart store” startup targets apartment living National /
SPAC deals are drying up amid mounting questions from regulators.
After a record 109 SPAC deals in March, there have been just 10 this month, according to SPAC Research. Proptech is no exception, with 15 new SPACs in February followed by 16 in March and just one so far in April, according to
TRD’sSPAC tracker. (Fifth Wall Ventures is aiming to raise $250 million for its third SPAC.)
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Editorial Independence
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Finance of America is a mortgage lender that’s based in Horsham, Pennsylvania, and serves all 50 states.
We named Finance of America one of the top mortgage lenders of 2021 because it offers a wide selection of loans and solid customer service. The company funded more than 53,000 loans in 2019 but impressively only accumulated 14 complaints with the Consumer Financial Protection Bureau within that time frame.
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loanDepot Overview
Originating $275 billion in consumer loans since it launched in 2010, loanDepot is the second-largest nonbank retail mortgage lender in the U.S. We’ve ranked it as one of the best mortgage lenders of 2021 because it has accumulated few complaints, operates in all 50 states, and offers special discounts for repeat customers.
Plus, there are plenty of choices when it comes to loan programs and the customer experience. Applicants can either receive in-person help at more than 200 branches nationwide or complete the mortgage process entirely online. The lender says its online closings are 75% faster than the industry average, and in some cases closings take just eight days.
loanDepot Mortgage Lender Review 2021 | NextAdvisor with TIME time.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from time.com Daily Mail and Mail on Sunday newspapers.