The mortgage lender Lower announced its acquisition of the real estate portal Movoto for an undisclosed sum.
The Austin-based Movoto bills itself as the largest privately-owned residential real estate search website. The company was part of the Ojo Labs family of brands, and CEO John Berkowitz will join Lower as president of real estate.
“The future of our industry lies in blending the best technology with the irreplaceable expertise of local agents and loan officers.” said Dan Snyder, CEO and co-founder of Lower. “Acquiring Movoto strengthens our position as the challenger platform, enhancing our ability to deliver the best localized and personalized service and capture significant market share.”
