Items Tagged with 'Online mortgage lender'

ARTICLES

  • SoFi raises $500 million more in funding as Qatar buys in

    New investment values online lender at $4.3 billion
    SoFi is no stranger to raising money, as the online lender has raised nearly $2 billion over the last few years. And now, SoFi is broadening its investor base even more. The online lender announced Wednesday that it raised more than $500 million in equity financing led by Qatar Investment Authority, the sovereign wealth fund of Qatar.
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  • Fresh off expanding into mortgages, Reali raises millions to continue growing

    Real estate startup recently acquired online mortgage lender Lenda
    Just a few weeks ago, Reali, a flat-fee real estate startup that operates in California, expanded into mortgage lending when it bought Lenda, an online mortgage lender that launched in 2013 and currently operates in 12 states. And it appears the company has no plans of slowing down, as this week, Reali announced that it raised $9 million to continue expanding.
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  • Real estate startup Reali acquires online lender Lenda, expands into mortgages

    Launches Reali Loans
    Reali, a flat-fee real estate startup that operates in California, is following the path laid out by other tech-focused real estate companies like Zillow, Redfin, and Opendoor and getting into the mortgage business. Reali announced Wednesday that it acquired Lenda, an online mortgage lender that launched in 2013 and currently operates in 12 states.
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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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  • 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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