Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
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Roam, a startup specializing in assumable mortgages—loans that home sellers can transfer to the buyer—has opened its doors. So reports The Real Deal.
Headed by former Opendoor employee Raunaq Singh, the company has $1.25 million in seed funding from Opendoor co-founder Eric Wu and venture capital firm Founders Fund.
Assumable loans, which could allow buyers to access a 3% mortgage rate, have seen their appeal rise along with rates.
