Lower acquires AmFam-backed Neat Capital
Lower , a Columbia, MD-based mortgage lender, has acquired Neat Capital , a now-inactive mortgage origination software company.
Lower plans to integrate Neat’s software into LowerOS, its cloud-based mortgage platform.
Founded in 2015, Neat Capital is a Boulder-based home financing technology company that raised over $50 million from investors, including Left Lane Capital and American Family Ventures .
Established in 2014, Lower is the 28th-largest home lender in the US and is backed by Accel Partners, SoFi, and Veritex Bank.
Steve Herschleb, Co-Founder and CTO of Neat Labs, will join Lower as its new CTO.
Lower also offers insurance. 
“We’re thrilled to bring Neat Labs into the Lower family. Their technology is the foundation of our next chapter. Since our inception, we’ve combined cutting-edge technology with an elite level of customer service. With LowerOS, we are once again revolutionizing the mortgage industry, offering unmatched operational efficiency and an intuitive, frictionless experience for both borrowers and loan officers.” – Dan Snyder, CEO and Co-Founder of Lower.
