NerdWallet Sees Acquisition of Mortgage Broker Panning Out Like Past Deal -- Market Talk

Dow Jones10-31

1404 ET - NerdWallet sees its acquisition of mortgage broker Next Door Lending playing out similarly to its deal for Fundera from 2020. Fundera supported the financial education company's content on small business loans. It ultimately led to a digital or human experience for customers as they shopped and compared options. Next Door can function similarly for customers who are shopping for mortgages or need assistance along their journey, as well as repeat business if they ever refinance. "The idea there is it improves our mortgage unit economics and it also builds a recurring relationship with the user," says CEO Tim Chen. "It's very similar... to the small business loan broker that we bought four years ago. So similar hypothesis there." Shares surge 35% to $15.27 following an increase in 3Q revenue. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

October 30, 2024 14:04 ET (18:04 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2479582217?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-31 02:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2479582217","market":"nz","top_or_hot":-1,"title":"NerdWallet Sees Acquisition of Mortgage Broker Panning Out Like Past Deal -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1404 ET - <a href=\"https://laohu8.com/S/NRDS\">NerdWallet</a> sees its acquisition of mortgage broker Next Door Lending playing out similarly to its deal for Fundera from 2020. Fundera supported the financial education company's content on small business loans. It ultimately led to a digital or human experience for customers as they shopped and compared options. Next Door can function similarly for customers who are shopping for mortgages or need assistance along their journey, as well as repeat business if they ever refinance. \"The idea there is it improves our mortgage unit economics and it also builds a recurring relationship with the user,\" says CEO Tim Chen. \"It's very similar... to the small business loan broker that we bought four years ago. So similar hypothesis there.\" Shares surge 35% to $15.27 following an increase in 3Q revenue. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 30, 2024 14:04 ET (18:04 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NerdWallet Sees Acquisition of Mortgage Broker Panning Out Like Past Deal -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNerdWallet Sees Acquisition of Mortgage Broker Panning Out Like Past Deal -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 02:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1404 ET - NerdWallet sees its acquisition of mortgage broker Next Door Lending playing out similarly to its deal for Fundera from 2020. Fundera supported the financial education company's content on ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4166","symbol_name":"消费信贷","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479582217","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479582217","pubTimestamp":1730311440,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1404 ET - NerdWallet sees its acquisition of mortgage broker Next Door Lending playing out similarly to its deal for Fundera from 2020. Fundera supported the financial education company's content on small business loans. It ultimately led to a digital or human experience for customers as they shopped and compared options. Next Door can function similarly for customers who are shopping for mortgages or need assistance along their journey, as well as repeat business if they ever refinance. \"The idea there is it improves our mortgage unit economics and it also builds a recurring relationship with the user,\" says CEO Tim Chen. \"It's very similar... to the small business loan broker that we bought four years ago. So similar hypothesis there.\" Shares surge 35% to $15.27 following an increase in 3Q revenue. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4166":"消费信贷","NRDS":"NerdWallet","BK4077":"互动媒体与服务"},"translate_title":"NerdWallet认为对抵押贷款经纪人的收购将像过去的交易一样成功——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NRDS":1},"content_text":"1404 ET - NerdWallet sees its acquisition of mortgage broker Next Door Lending playing out similarly to its deal for Fundera from 2020. Fundera supported the financial education company's content on small business loans. It ultimately led to a digital or human experience for customers as they shopped and compared options. Next Door can function similarly for customers who are shopping for mortgages or need assistance along their journey, as well as repeat business if they ever refinance. \"The idea there is it improves our mortgage unit economics and it also builds a recurring relationship with the user,\" says CEO Tim Chen. \"It's very similar... to the small business loan broker that we bought four years ago. So similar hypothesis there.\" Shares surge 35% to $15.27 following an increase in 3Q revenue. (denny.jacob@wsj.com; @pennedbyden) \n\n\n  (END) Dow Jones Newswires\n\n\n  October 30, 2024 14:04 ET (18:04 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479582217"}