Phoenix
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Direct homebuyer Opendoor getting into mortgage business
Aug 30, 2017Late last year, Opendoor, an online marketplace that buys homes directly from homeowners, announced that it raised $210 million to fund the company’s expansion beyond the two markets where it initially launched – Phoenix and Dallas-Fort Worth. At the time, the company said that it planned to expand to 10 new markets this year. As it turns out, that’s not the only way that Opendoor plans to expand; the company is also getting into the mortgage business.
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