The Key to Reducing Post-Refi Boom Borrower Churn

In this webinar, PRMG Chief Lending Officer Kevin Peranio will help attendees sort through the right technologies as he shares the tech investments that have had the biggest impact on his business.

Tracey Velt breaks down the latest RealTrends 500 rankings

During the episode, Velt highlights which brokerages achieved top rankings in both categories for 2020, and shares what stood out to her the most about the rankings.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

About 7M refi candidates missed the “forever rate” boat

Rates jumped to 3.17% last week and Black Knight reported that there are now just 11.1 million “high quality” refi candidates. The smallest number of potential refi candidates in a year.

Mortgage

Redfin begins mortgage lending in Arizona, Delaware, New Hampshire

Adds three more states to growing mortgage business

Redfin, which restarted its home-buying business earlier this month after pausing in March, is now fully back in expansion mode.

The online real estate brokerage announced Friday that it is expanding its mortgage lending operations into three new states.

Redfin launched its mortgage lending operations in January 2017 and has consistently expanded its mortgage business since then.

The company is now lending in Arizona, Delaware, and New Hampshire. With this latest expansion, Redfin Mortgage is now offering fixed- and adjustable-rate conforming mortgages in 20 states and the District of Columbia.

According to the company, Redfin Mortgage features “no lender fees and offers competitive rates, fast pre-approvals and on-time closings.”

The company also offers fully remote digital closing capabilities, which allows customers to sign their mortgage documents “from the safety of home, even under stay at home orders.” But the company notes that digital closings are not available in Delaware due to local regulations.

Redfin Mortgage also offers a 30-day closing guarantee or the company will provide the buyer with an extra $1,000 credit towards their closing costs.

“The pandemic has made our virtual tools more important than ever. With our fully digital process borrowers can get a loan and close without ever having to touch a piece of paper or meet anyone in person,” said Jason Bateman, head of Redfin Mortgage.

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