Tim Chen, chairman, CEO, and founder of NerdWallet, emphasized the significance of the acquisition, stating it helps provide mortgage shoppers with enhanced guidance and support.
NerdWallet's acquisition of Next Door Lending aims to increase their revenue outlook by 1 to 2 percentage points, enhancing their mortgage service capabilities.
Chen highlighted that both companies share a 'consumer-first orientation' and operational efficiency focus, positioning them well for future growth post-acquisition.
Tim Chen mentioned, 'While the upfront deal consideration is small, the strategic alignment presents a significant opportunity for us to drive better outcomes for consumers.'
As stated by Chen, 'We expect to deliver fourth-quarter revenue in the range of $164 million to $172 million,' underlining growth projections tied to the acquisition.
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