Articles Tagged with ''Online mortgage''

loanDepot CEO personal net worth reportedly at $2 billion

Anthony Hsieh set to get even richer with Amazon at the door
While Amazon continues to build a mortgage division within its ranks, the online giant reportedly continues to search for a strategic acquisition to buy into the mortgage retail space. One name often put forward is loanDepot, though CEO Anthony Hsieh is already reportedly doing just fine without needing to sell the company.
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PwC: The digital mortgage is our new normal

What are borrowers looking for?
In its latest Home Lending Experience Radar report, published this week at the LendIt Fintech USA conference in San Francisco, PricewaterhouseCoopers said digital is our new normal and explains how consumer expectations are shifting and what these new trends mean for lenders.
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Online mortgage lender Lenda continues growth, expands to Virginia

Recently expanded to Illinois, Pennsylvania, Michigan, and Arizona
For the second time this year, online mortgage lender Lenda is expanding. Earlier in the year, the company announced that its service would now be available in Illinois, Pennsylvania, Michigan, and Arizona. And now, Lenda is growing again, adding Virginia as its newest state.
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Better Mortgage becomes billion-dollar originator

Saw 400% year-over-year increase in users
Online lender Better Mortgage, which launched in January 2016, recently surpassed $1 billion in mortgage originations. According to data provided by the company, Better Mortgage claims it was the third fastest online lender to reach $1 billion in originations, trailing only Goldman Sachs’ Marcus and SoFi.
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Guaranteed Rate hires Quicken Loans exec Craig Lombardi to grow online division

Replaces Scott Stephen, who was promoted to chief growth officer
Guaranteed Rate, one of the nation’s largest retail mortgage lenders, is looking to grow its online lending platform, and is bringing in Quicken Loans’ director of mortgage banking to lead the push. Craig Lombardi replaces Scott Stephen, who Guaranteed Rate promoted to chief growth officer.
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Redfin Mortgage now available in Virginia

Online real estate brokerage continues expansion of lending operation
Redfin is expanding its mortgage lending operation again. Initially, Redfin Mortgage was available in Texas. Then, the company expanded to Illinois, Washington, D.C., and Pennsylvania. Redfin announced Thursday that it is now offering mortgages in Virginia as well.
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Growing pains for SoFi? Online lender lays off mortgage staffers

Cutting 5% of its total staff
It appears that SoFi is suffering a bit of growing pains as it pushes to expand its mortgage lending operation.Last week, Bloomberg reported that SoFi was buying the engineering and product teams of Clara Lending, a mortgage startup founded in 2010. But as those new staffers come in, other staffers are being let go.
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SoFi pushing further into mortgages by acquiring tech teams from startup Clara Lending

Bloomberg reports that SoFi wants to hire 100 engineers
It’s been a little more than three years since SoFi expanded into mortgage lending, and while the company has since grown into one of the largest online residential mortgage retailers, it seems that’s not enough for SoFi. SoFi appears to be planning a larger push into mortgages, going so far as to buy some of the technology expertise of another mortgage lending startup.
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Roostify bringing digital mortgages to LendingTree

Companies partner to bring total digital experience to LendingTree users
LendingTree will now be able to offer a full digital mortgage experience to its users thanks to a new partnership with Roostify, a provider of automated mortgage transaction technology. All of the lenders that appear on LendingTree will have the ability to use Roostify to create a “seamless path” from selecting a lender to actually applying for a loan and beyond.
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