Housing News

This week on Power House, Diego sits down with Dan Snyder, the CEO of Lower. This past year was a busy year for Lower amid their acquisition of both Neat Labs and Thrive Mortgage.  Back in July of 2024, we welcomed Lower’s Chief Strategy officer, Craig Montgomery, to give us the low-down on Lower’s plan to become a top-five mortgage lender. Today, Dan continues that strategy conversation with Diego by discussing how the acquisition of Neat Labs is bringing Lower toward their 2025 goal of developing an end-to-end proprietary tech platform. He also reflects on the success of their Thrive Mortgage acquisition and discusses the challenge of integrating teams while also supporting your producers. Here’s what you’ll learn: The acquisition of Neat Labs is a strategic move to enhance Lower's technology stack. Lower aims to develop a proprietary tech stack rather than becoming a software provider. Cost efficiency is a key focus, and they expect to see significant reductions post-acquisition. Transparent leaders