Mortgage

2018 HW Tech100 Winner: Better Mortgage

Platform moves the mortgage process completely online

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Better Mortgage

Lending

Better’s platform moves the mortgage process completely online. Its customers are able to upload and eSign documents, have instant access to affordable lending discounts, and receive recommendations on the right mortgage products for them.

The platform also creates time and cost efficiencies, resulting in low rates and closing in as little as 14 days, 10 days faster than the industry average. By charging no lender fees, the company saved its borrowers an average of $3,471 in transaction costs last year, in addition to the savings achieved through better rates. It expanded into five additional states in 2017, the most recent being the Texas market.

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Wells Fargo loosens jumbo lending requirements for current customers

Wells Fargo announced updates to is non-conforming refinance products at the beginning of July. While the updates loosen the jumbo requirements for current customers, the new standard for customers without a Wells Fargo relationship increased four times the amount it originally announced back in April.

Jul 09, 2020 By
3d rendering of a row of luxury townhouses along a street

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