Operations

Deal expected to close in fourth quarter of this year.

Texas-Based bank will focus on banking and mortgage servicing.

Acquired the bank earlier this month after it was seized by federal regulators.

Denver-based fintech adds firm that provides mortgage services to community banks and credit unions.

Appoints industry veteran Jodi White as branch manager.

Adding $84B servicing portfolio; Home Point operations to shut down after deal closes.

Will include an unspecified number for a 'reduction in force' in its lending and credit teams.

CEO says stock is undervalued, sees opportunity to 'further diversify our business model.'

Reductions come as top U.S. mortgage originator posted a loss in fourth quarter.