The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

Inside Look: RealTrends 2021 Brokerage Compensation Study

Steve Murray, senior advisor to RealTrends, gives an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

How lenders can prepare for increasing regulatory pressures

As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines.

Mortgage

Redfin Mortgage expands into three new states

The service is now available in 15 states and D.C.

Redfin is expanding its mortgage business into Massachusetts, Michigan and Wisconsin.

With the expansion, Redfin Mortgage offers fixed- and adjustable-rate conforming mortgages as well as jumbo loans in 15 states and the District of Columbia.

“We are redesigning the lending process to be fast, easy and intuitive for our customers, combining technology with personal service to streamline the entire experience from pre-approval to closing,” said Jason Bateman, head of Redfin Mortgage.

Redfin launched its mortgage service in early 2017, and has grown quickly since then.

Last year, Redfin Mortgage finalized its fully digital home buying experience by announcing a partnership with Notarize in a deal that offers Redfin Mortgage clients the ability to close on a home quicker, easier and completely online.

Consumers who use Redfin Mortgage can fill out an online application and can get pre-approved for a loan in 90 minutes or less.

For these buyers, Redfin Mortgage offers a 30-day closing guarantee. For buyers that undergo a fully underwritten pre-approval process in about a day, Redfin Mortgage offers a 25-day closing guarantee.

If Redfin Mortgage can’t fund the mortgage by the timeline promised, it will give the homebuyer a $1,000 credit towards their closing costs, according to Redfin.

“The Redfin Mortgage closing guarantee gives homebuyers an edge if they’re bidding on a home that has multiple offers,” said Bateman. “By earning a seller’s confidence that the sale will close on time, offers from buyers with a Redfin Mortgage pre-approval letter stand out from the crowd.”

Most Popular Articles

Treasury removes restrictions on investment properties

The Treasury Department and FHFA announced Tuesday that they are suspending certain requirements that were added in January to the Preferred Stock Purchase Agreements (PSPAs) between Treasury and Fannie Mae and Freddie Mac.

Sep 14, 2021 By

Latest Articles

Natural disasters and forbearance: What borrowers and mortgage servicers need to know

The United States is grappling with a sharp rise in natural disasters, including wildfires, an active hurricane season, floods, tornadoes and mudslides. The mortgage industry needs to be proactive in examining programs to help borrowers recover.

Sep 17, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please