HomeXpress Mortgage Corp. Announces Definitive Agreement to be Acquired by Chimera Investment Corporation
SANTA ANA, CA — June 12, 2025
HomeXpress Mortgage Corp. ("HomeXpress"), a leading national originator of non-QM and business-purpose residential mortgage loans, today announced that it has entered into a definitive agreement to be acquired by Chimera Investment Corporation (NYSE: CIM) ("Chimera") from certain affiliates of Seer Capital Management's credit fund business ("Seer") and certain management sellers.
HomeXpress will operate as a subsidiary of Chimera under the continuing leadership of President and CEO Kyle Walker and the experienced HomeXpress management team.
"We are honored to join the Chimera organization and to advance our shared commitment to delivering innovative lending solutions to borrowers", said Mr. Walker. "HomeXpress, with its reliable service-first philosophy, combined with its strong partnerships with brokers and loan officers nationwide, will now be even more well-positioned to expand its product offerings and strategically grow the HomeXpress presence. By combining platforms and assets, Chimera and HomeXpress are poised to deliver enhanced value to HomeXpress' borrowers and further strengthen its relationships with its many business partners."
Phillip J. Kardis II, Chimera's Chief Executive Officer and President added, "We are excited to welcome HomeXpress to the Chimera team and to form this powerful combination. This strategic acquisition marks a significant expansion of Chimera's presence in the non-QM space, reinforcing its role as a leading real estate investment trust."
Phil Weingord, Seer's Chief Executive Officer also added, "This is an exciting development for HomeXpress. We congratulate Kyle and the entire team and are proud of our collaboration and partnership with them. We have enjoyed working with management to build one of the premier non-QM mortgage platforms in the country, and we wish them continued success in HomeXpress' next chapter."
Piper Sandler & Co. acted as the exclusive financial advisor to HomeXpress and Seer. Mayer Brown LLP served as legal counsel to Seer. Sheppard, Mullin, Richter & Hampton LLP served as legal counsel to HomeXpress management. Wells Fargo acted as the exclusive financial advisor to Chimera. Hunton Andrews Kurth LLP served as legal counsel and Alston & Bird LLP served as regulatory counsel to Chimera.
About Chimera
Chimera is a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing for itself and for unrelated third parties through its investment management and advisory services in a diversified portfolio of real estate assets, including residential mortgage loans, Non-Agency RMBS, Agency RMBS, business purpose and investor loans, including RTLs, MSRs, and other real estate-related assets such as Agency CMBS, junior liens and HELOCs, equity appreciation rights, and reverse mortgages.
About HomeXpress
HomeXpress, headquartered in Santa Ana, California, offers a wide array of consumer non-QM loans, investor business purpose loans, and other Agency and non-Agency mortgage loan products. HomeXpress has approximately 300 employees and actively lends in 46 states and D.C. HomeXpress originated approximately $2.5 billion of mortgage loans in 2024 and approximately $1.2 billion of mortgage loans year-to-date through May 2025, making it one of the largest wholesale non-QM originators in the U.S. and bringing its lifetime origination volume to over $10.7 billion.
Lender Price and Byte LOS Announce Groundbreaking API Integration
by Erika Deer
PASADENA, Calif., (PRWEB) March 25, 2024
Lender Price, the industry-leading provider of innovative pricing, product and eligibility (PPE) technology and advanced capital markets solutions to the mortgage industry, is proud to announce its strategic API integration with the Byte LOS platform, an enterprise-class loan origination system, aimed at streamlining and enhancing the mortgage lending process for lenders and borrowers alike.
This integration marks a significant milestone in the mortgage industry, bringing together the advanced capabilities of Lender Price’s innovative technology with Byte’s robust loan origination platform. By seamlessly integrating their systems, Lender Price and Byte are empowering lenders to operate more efficiently, reduce operational costs, and deliver an unparalleled experience to borrowers.
Dawar Alimi, CEO of Lender Price, expressed enthusiasm about the collaboration, stating, “At Lender Price, we are dedicated to revolutionizing the mortgage industry through technology. Our integration with Byte continues our mission to provide lenders with the tools they need to thrive in today’s competitive market. By combining our powerful APIs, we are empowering lenders to streamline their workflows, improve accuracy, and ultimately deliver a superior lending experience.”
One of the early adopters of this integration, HomeXpress Mortgage, an industry-leading provider of non-QM lending products for over 8 years, and a valued client of Lender Price, has already experienced the benefits firsthand. “We prioritize leveraging cutting-edge technology to stay ahead in the industry,” said Kyle Walker, President and CEO at HomeXpress Mortgage Corp. “This integration will undoubtedly drive efficiency and improve our overall lending operations.”
Byte is equally excited about the collaboration and the value it brings to lenders. Mark Todd, National Sales & Client Services Manager at Byte, commented, “We are always looking for ways to deliver additional value to our clients. The opportunity to offer a seamless integration between the BytePro platform and Lender Price is one we’re really excited about. By leveraging the strengths of both Lender Price and Byte, lenders can access a comprehensive solution that optimizes every aspect of the lending process, from application to closing.”
This integration underscores Lender Price’s commitment to providing modern and robust APIs that empower lenders to adapt to the evolving needs of the mortgage industry. With its innovative and configurable technology, dedication to customer success, and strength in the non-QM space, Lender Price continues to lead the way in driving digital transformation within mortgage lending.
To learn more, visit www.lenderprice.com.
About Lender Price
Lender Price delivers superior cloud-native pricing technology to top banks, lenders, credit unions, and mortgage brokers. Built on a modern technology stack, our solutions are user-friendly, configurable, and easier to integrate, resulting in improved workflow and pricing efficiencies. Lender Price’s advanced technology, combined with its deep understanding of the lending landscape, sets it apart from the competition. By leveraging artificial intelligence, machine learning, and data-driven insights, Lender Price equips lenders with the knowledge and resources to make informed decisions and drive growth. Recognized by top industry publications, our award-winning pricing, product and eligibility (PPE) platform continues to lead the industry in advancing capital markets and mortgage pricing technology. Visit us at https://lenderprice.com/ for more information.
About Byte Software
It’s time for an LOS that fits the way you do business. For over 35 years, Byte Software has delivered powerful, enterprise-class LOS solutions that give mortgage lenders total control over their loan process and the freedom to do business the way they want. The BytePro platform is trusted by over 800 mortgage bankers, credit unions, banks, and brokers to efficiently originate and deliver high-quality loans for their retail, wholesale, and correspondent lending channels. Request a demo or free 30-day trial at ByteSoftware.com.