Zillow, a prominent player in the real estate industry, has recently announced a strategic move to focus more on its consumer direct mortgage business. This decision comes as purchase volume for mortgages through Zillow has surged by an impressive 80% compared to the previous year. As Zillow continues to expand its presence in the mortgage market, many lenders are starting to question the potential impact on their own businesses.
Key points:
– Zillow is allocating resources towards its consumer direct mortgage business
– Purchase volume for mortgages through Zillow has increased by 80% year-over-year
– Lenders are beginning to express concerns over the potential competitive threat posed by Zillow’s growing presence in the mortgage market.
You can read this full article at: https://www.housingwire.com/articles/zillows-mortgage-business-is-growing-lenders-beware/(subscription required)
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