Items Tagged with 'Online mortgage lender'

ARTICLES

  • 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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  • Online mortgage lender Lenda expands to four new states

    Now available in Illinois, Pennsylvania, Michigan, and Arizona
    Last year, online mortgage lender Lenda announced that it raised $5.25 million in its Series A round of funding, and planned to use the money to expand its business into new states. On Tuesday, Lenda announced that it’s done just that, adding four new states to its base of operations.
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  • Online mortgage lender Lenda raises $5.25 million to fund expansion

    Plans to expand beyond California, Oregon, and Washington
    Lenda, an online mortgage lender based in San Francisco, announced Monday that it closed its Series A round of funding, raising $5.25 million from a group of investors. In a release, the company said that it plans to use the money to fill “key” management positions, invest in improving its software platform, and expand beyond its current states of California, Oregon, and Washington.
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  • Better Mortgage offering $1,000 guarantee that it can beat other lenders’ pricing

    Telling borrowers that it will beat any lender’s loan pricing or give you $1,000
    Better Mortgage, an online mortgage lender, is now offering borrowers a guarantee that its mortgage is cheaper than any other lenders’ options, and the lender is putting its money where its mouth is. Better Mortgage now guarantees that it will beat any competitor’s loan estimate by $1,000. If not, Better will give the borrower $1,000.
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  • Better Mortgage continues push into purchase mortgages

    Launches “verified” pre-approval letter for borrowers
    Earlier this year, online mortgage lender Better Mortgage said that it raised $15 million and planned to use the money to launch and expand Better's home purchase finance product on the company’s website. Now, the company is continuing its push into purchase mortgages by rolling out a “verified” pre-approval letter for borrowers.
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  • Here's how much Rocket Mortgage helped Quicken Loans in 2016

    Nonbank sets lending record, but how much is digital driven?
    It’s been just over a year since Quicken Loans went digital with Rocket Mortgage, the lender’s fully online mortgage. And now that the dust is settled from Rocket Mortgage’s first year of existence, the question is just how much did the digital mortgage drive business for Quicken Loans? The answer depends on your perspective.
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