*Zillow announced the shut down of Zillow Closing Services as it looks for a tech-enabled title platform for its housing super app vision.*
In a move that signals a shift in strategy, Zillow has announced the shutdown of Zillow Closing Services, its in-house title and escrow service.
Zillow launched Zillow Closing Services in 2015 in an effort to streamline the home-buying process and make it easier for consumers to purchase a home entirely online.
The company says it is now looking for a tech-enabled title platform that can provide a similar experience for consumers within its vision for a housing super app.
Zillow has been on a mission to become a one-stop shop for all things related to buying, selling and renting a home, and the shutdown of Zillow Closing Services is just one part of that larger goal.
What remains to be seen is how this move will impact the company’s bottom line, as Zillow Closing Services has been a major source of revenue for Zillow in recent years.
You can read this full article at: https://www.housingwire.com/articles/zillow-shuts-down-closing-services/(subscription required)
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