Two home loan lenders – Georgetown, Texas-based Thrive Mortgage LLC and Columbus, Ohio-based Lower LLC – have announced the merger of their brands, Thrive Mortgage and Lower.com.
Thrive CEO Selene Kellam and Randell Gillespie, production head for Thrive Mortgage, will join the combined executive team with Lower under the leadership of Lower CEO and co-founder Dan Snyder. The closing is expected to occur in the first quarter of 2024.
Lower CEO Dan Snyder stated, “We’re building a better approach to mortgage with Lower’s streamlined tech powering multiple channels. Thrive is an award-winning, national lender with the same belief and we’re excited to bring them onto our platform.”
“The commitment of Thrive to our team and our customers has always been to deliver the best mortgage experience with the highest quality resources” said Thrive Mortgage Chairman Roy Jones. “This has driven us to focus on having the best people with the most forward-thinking technology in the industry, all of which is propelled forward with this partnership with Lower.”
