ONX X+ Mortgage, New Joint Venture Between loanDepot and Onx Homes, Now Serving Customers in Florida and Texas
'This joint venture brings together two outstanding companies that share the same values of innovation and customer excellence.'
'With our joint venture now serving customers in Florida and Texas, we're thrilled to continue our work transforming and streamlining the homebuying experience for our customers,' said Onx Homes Chief Operating Officer Ravi Bhat. 'By bringing Onx's groundbreaking design and construction model together with loanDepot's unmatched lending expertise, we're making it faster, easier, and more accessible for more families to achieve the dream of homeownership.'
ONX X+ Mortgage has appointed mortgage industry veteran Kathryn McKissick as branch manager. With more than 20 years of experience spanning loan originations, processing, and management, McKissick most recently served as a loan consultant for loanDepot's joint venture with LGI Homes, LGI Mortgage Solutions. She also previously supported homebuilders in a similar role as a builder loan consultant at loanDepot. Before entering the mortgage industry, she spent eight years as a licensed Realtor. In her new role, McKissick will lead the joint venture's business growth and day-to-day operations, focused on delivering a smooth, streamlined financing experience for ONX X+ Mortgage customers.
'Kathryn is a trusted and dynamic leader with the experience and insight needed to guide our new joint venture,' said loanDepot Executive Vice President of National Joint Ventures Dan Peña. 'Her deep understanding of both the lending and new home construction businesses, paired with her commitment to customer-first service, makes her a natural choice to lead ONX X+ Mortgage.'
'This joint venture brings together two outstanding companies that share the same values of innovation and customer excellence,' said McKissick. 'I've always believed in the power of homeownership to change lives, and that belief has guided my entire career. I'm excited to lead this business and help make that experience even more meaningful for the customers we serve.'
About loanDepot
At loanDepot (NYSE: LDI), we know home means everything. That's why we are on a mission to support homeowners with a suite of products and services that fuel the American Dream. Our portfolio of digital-first home purchase, home refinance and home equity lending products make homeownership more accessible, achievable, and rewarding, especially for the increasingly diverse communities of first-time homebuyers we serve. Headquartered in Southern California with local market offices nationwide, loanDepot and its sister real estate and home services company, mellohome, are dedicated to helping customers put down roots and bring dreams to life – all while building stronger communities and a better tomorrow.
About Onx Homes
Onx Homes is pioneering a new era of homes and neighborhoods. Founded in 2021 by construction experts, design thinkers, and technology leaders, it is committed to providing homeowners with the next generation of living spaces. With corporate and manufacturing facilities in Florida and Texas, Onx has already delivered a diverse portfolio of homes and has over 2,500 beautiful, resilient, and cost-efficient homes under development across Florida and Texas. Onx specializes in merging high-end design and leading technology to deliver the highest quality single-family homes and townhome communities. Leveraging its customer-centric approach and fully integrated construction capabilities, including innovative proprietary design and X⁺Construction™ technology, Onx builds the most resilient and cost-efficient homes, creating unique value for homeowners.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Flex LNG Ltd (FLNG) Q2 2025 Earnings Call Highlights: Strategic Moves and Market Challenges
This article first appeared on GuruFocus. Release Date: August 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Flex LNG Ltd (NYSE:FLNG) announced a $50 million share buyback program, indicating confidence in the company's financial health. The company completed a $175 million refinancing of Flex Courageous, generating net proceeds of approximately $43 million. Flex LNG Ltd (NYSE:FLNG) has a strong contract backlog, providing earnings visibility and insulating the company from short-term market fluctuations. The company declared a quarterly dividend of $0.75 per share, supported by a strong balance sheet with $413 million in cash. Flex LNG Ltd (NYSE:FLNG) has successfully completed two of its four scheduled dry dockings for the year, both under budget and within the expected timeframe. Negative Points The company's time charter equivalent (TCE) rate dropped slightly due to a softer spot market and vessels in dry dock. Operating expenses were slightly above previous estimates due to higher costs in Europe compared to Singapore. Flex LNG Ltd (NYSE:FLNG) faces challenges with the delisting from the Oslo Stock Exchange, requiring shareholders to transfer shares to the New York Stock Exchange. The LNG market remains cautious in the short term, with potential impacts from geopolitical tensions and economic slowdowns in key regions like China and India. The company faces increased costs for new vessel construction, with shipyard slots only available for delivery from 2028 onwards. Q & A Highlights Warning! GuruFocus has detected 4 Warning Sign with FLNG. Is FLNG fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide an update on the options for the Flex Aura and Flex Volunteer, including their likelihood and timing? A: The first option is due in Q4 2025, and the other option is in Q1 2026. We will provide more information as it becomes available. - Interim CEO, Mario Foss Q: How does Flex LNG plan to utilize its cash balance, particularly regarding fleet growth and new buildings? A: We are exploring partnerships for ordering new buildings with contracts attached. Speculative orders are challenging due to current market conditions. - Interim CEO, Mario Foss Q: What are the plans for the cash on the balance sheet, and how does it relate to the share buyback program? A: We have $413 million in RCF capacity for effective cash management. The share buyback program is independent of dividend considerations, allowing us to maintain capital discipline. - CFO, Knut Q: Can you elaborate on the delisting process from the Oslo Stock Exchange and its implications for shareholders? A: Shareholders should transfer their shares to the New York Stock Exchange before the last trading day on September 15th. Post-delisting, shares registered with VPS will be difficult to transfer or sell. - CFO, Knut Q: What is the company's outlook on the LNG market and its strategic positioning? A: We maintain a cautious short-term outlook but are bullish on the long-term LNG story. Our strong charter backlog and balance sheet position us well for future growth. - Interim CEO, Mario Foss For the complete transcript of the earnings call, please refer to the full earnings call transcript. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
12 minutes ago
- Business Wire
Keysight Completes Industry-First PSA Certified Level 4 Evaluation for Silicon Labs' SiXG301 SoC
SANTA ROSA, Calif.--(BUSINESS WIRE)-- Keysight Technologies, Inc. (NYSE: KEYS) has completed the industry's first PSA Certified Level 4 security evaluation for Silicon Labs' Series 3 Secure Vault™ on the SixG301 wireless SoC, marking a significant advancement in the security assurance of connected devices. As IoT adoption accelerates across industries, the security threat landscape continues to evolve. Devices are increasingly targeted by sophisticated attackers with advanced tools and techniques. Certification frameworks like PSA Certified are critical in helping manufacturers prove that their devices can withstand these threats. Level 4, the most advanced assurance level in the framework, specifically tests the resilience of core security components such as Root of Trust (RoT), components, and secure elements (SE) embedded within connected platforms. These components are essential to protecting data, firmware, and device functionality throughout the product lifecycle. As an authorized PSA Certified Test Lab, Keysight conducted the Level 4 evaluation through its advanced security lab, employing in-depth design reviews, vulnerability analysis, and sophisticated attack simulations such as Side-Channel Analysis and Fault Injection. These tests validated the product's resilience against sophisticated threats. While the initial plan was to achieve Level 3, Keysight's deep expertise and flexible approach helped Silicon Labs achieve the top-tier Level 4 certification. This certification confirms the device's robustness and Keysight's critical role in helping customers bring secure, trusted technologies to market. Rohit Ravichandran, Product Manager for IoT Security at Silicon Labs, said: 'This certification is a major milestone for Silicon Labs and a testament to the strength of our collaboration with Keysight. Achieving PSA Certified Level 4 required more than just technical readiness—it demanded a testing partner with deep expertise, flexible processes, and a shared commitment to security excellence. Keysight played a critical role not only in guiding us through the evaluation but in pushing the limits of what we could achieve. Their rigorous approach and hands-on support made it possible to reach this advanced level of assurance.' Marc Witteman, Technical Director at Keysight, said: 'This achievement reflects the culmination of our close and long-standing partnership with Silicon Labs' engineering team and highlights the importance of continuous collaboration in bringing trusted technology to the market. Keysight provides more than certification, we equip customers with the tools, expertise, and support to design and deliver secure products efficiently and confidently.' At Keysight (NYSE: KEYS), we inspire and empower innovators to bring world-changing technologies to life. As an S&P 500 company, we're delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product life cycle. We're a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world. Learn more at Keysight Newsroom and
Business Wire
12 minutes ago
- Business Wire
BARK Migrates to Ordergroove and Shopify to Unleash New Subscriber Experiences
NEW YORK--(BUSINESS WIRE)--BARK, Inc. (NYSE: BARK) ('BARK'), a leading global omnichannel dog brand with a mission to make all dogs happy, has successfully migrated its expansive subscriber base, representing 13 million direct-to-consumer orders in fiscal year 2025 and hundreds of millions in recurring revenue, to Ordergroove, the leading enterprise subscription platform, and Shopify for its eCommerce engine. 'Working with Ordergroove and Shopify strengthens the technology that powers our business and gives us the flexibility to deliver more personalized, seamless subscriber experiences." Share The move unifies BARK's customer experience and recurring revenue onto a single scalable tech stack, reducing cost and complexity while unlocking new, innovative subscriber experiences across BarkBox, Super Chewer, and BARK Bright. It also builds on the brand's recent momentum, with fiscal Q1 2025 marking BARK's strongest direct-to-consumer gross margin quarter to date, underscoring its commitment to operational efficiency and customer experience. Previously, BARK managed two separate subscription platforms, which required significant engineering resources, increased technical debt and limited its ability to build on key growth initiatives such as bundles, memberships, prepaid programs, and enhanced promotional capabilities. 'At BARK, our mission is to make dogs, and their people, happy,' said Meghan Knoll, Chief Experiences Officer at BARK. 'Working with Ordergroove and Shopify strengthens the technology that powers our business and gives us the flexibility to deliver more personalized, seamless subscriber experiences. With this new foundation, we're better positioned to innovate, scale efficiently, and deepen the connection between dogs and their humans — all while driving sustainable growth.' Designed with their millions of customers in mind, BARK's new infrastructure empowers the brand to create more tailored subscriber experiences while reducing operational complexity. From flexible delivery models like Subscribe & Save to curated memberships and bundles, Ordergroove now powers every aspect of BARK's recurring revenue. Additionally, the brand can now test and launch advanced promotions, personalize upsells and cross-sells, and optimize SKU performance to maximize CLTV. Ordergroove's Rotating Clubs also allow BARK to curate boxes from a single SKU catalog, driving product discovery while simplifying operations. BARK's migration underscores a growing trend among enterprise brands to consolidate their subscription infrastructure, choosing deeply integrated platforms that provide both scalability and flexibility for customization. With Ordergroove and Shopify, BARK is well-positioned to drive sustained growth, enhance customer engagement, and create more meaningful experiences for dog parents worldwide. 'BARK is a standout example of what's possible when brands invest in deep, lasting relationships with their customers,' said Greg Alvo, CEO of Ordergroove. 'We understand how special the relationship is between dog parents and their dogs, and we're excited to help BARK strengthen that connection through flexible and engaging subscriber experiences. This partnership exemplifies how Ordergroove and Shopify empower brands to scale, optimize customer retention, and unlock new growth opportunities.' "BARK's migration to Shopify demonstrates the power of our Shopify platform in supporting complex subscription models and high-volume operations for leading brands," said Josh Rice, VP of Commercial at Shopify. "This partnership with Ordergroove showcases how Shopify enables brands to consolidate their tech stack, reduce operational complexity, and unlock new growth opportunities while delivering exceptional customer experiences." For more information about BARK, visit To learn more about Ordergroove's subscription solutions, visit ABOUT BARK BARK is the world's most dog-centric company, devoted to making dogs happy with the best products, services and content. BARK's dog-obsessed team applies its unique, data-driven understanding of what makes each dog special to design playstyle-specific toys, wildly satisfying treats, dog-first experiences that foster the health and happiness of dogs everywhere, and more. Founded in 2011, BARK loyally serves millions of dogs nationwide with BarkBox and Super Chewer, its themed toys and treats subscriptions; custom product collections through its retail partner network, including Target, Chewy, and Amazon; and BARK Air, the first air travel experience designed specifically for dogs first. At BARK, we want to make dogs as happy as they make us because dogs and humans are better together. Sniff around at for more information. Ordergroove enables subscription and membership experiences for the world's largest and most innovative brands and retailers, including L'Oréal, Dollar Shave Club, Daily Harvest, Grove Co, Bonafide Health and Petsmart. As a market leader in subscription and membership technology, the company's proprietary Relationship Commerce platform is shifting consumer interactions from one-and-done transactions to frictionless and highly-profitable recurring relationships. Ordergroove technology uses artificial intelligence, analytics, and unmatched consumer expertise to empower top brands to transform their commerce experiences while making their consumers' lives easier. To learn more, visit
