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.