Opendoor Launches Mortgage Lending Arm

Homebuying startup Opendoor has introduced a new mortgage lending division, called Opendoor Home Loans. So reports The Real Deal.

Opendoor Home Loans head Nadia Aziz said in a blog post that the move into lending “takes us one step closer to providing an end-to-end experience where you can buy, sell or trade-in a home in just a few clicks.”

Opendoor, which buys people’s homes and sells them after improvements, carries a $3.8 billion valuation. Zillow, another real estate company that buys homes from sellers who sign up online, rolled out a home loans business earlier this year.

Read the full article from The Real Deal

Related Content

LendingTree Details Financial Impact of Foreclosure

FHFA Revamps Fannie, Freddie Role in Multifamily Mortgages

Housing Affordability Widely Seen As Crisis: NAHB