Redfin Mortgage Launches in Ohio
April 25, 2018
Building on Redfin's existing technology platform and customer-centric model, Redfin Mortgage aims to be the fastest and easiest way for homebuyers to receive a quote, get pre-approved for a loan and finance their home purchase.
Redfin Mortgage offers a 30-day closing guarantee, demonstrating its commitment to fast, on-time closings. If Redfin Mortgage is unable to fund a mortgage in 30 days, it will give the homebuyer a
The closing guarantee is enabled by Redfin Mortgage's fully-underwritten pre-approval, in which all required borrower information is underwritten by the company in advance of the homebuyer finding a property to purchase. This gives the buyer and the seller a stronger commitment that the loan will be approved as long as the home has a clean title and appraises for the proposed sale price. The buyer must also provide proof of homeowners insurance to complete the transaction.
"The Redfin Mortgage 30-day closing guarantee gives homebuyers an edge in the current real estate market driven by low inventory and strong competition," said
Redfin Mortgage also offers:
- Low Rates: Because Redfin Mortgage uses technology to streamline the lending process, it can pass along its savings to its customers.
- No Lender Fees: Redfin Mortgage does not charge any lender fees, so customers can rest assured there will be no surprises on closing day.
- A Commitment to Customer Service: Redfin Mortgage shares Redfin's commitment to personal service, with mortgage advisers who are rewarded based on service, not just sales.
- A Smooth Closing: When the customer's lender and real estate agent work on the same technology platform, everyone stays informed, which leads to a smooth closing.
Redfin Mortgage is built to seamlessly integrate with Redfin's home-buying service. Redfin real estate agents are not compensated for recommending Redfin Mortgage and will continue to encourage customers to work with a lender that offers the best service and value.
Redfin Mortgage is working toward offering a totally digital loan origination process, from loan application to closing, with better service and lower fees.
With this announcement, Redfin Mortgage now serves homebuyers in the
For more information about Redfin Mortgage and current rates, visit www.redfin.com/mortgage.
Redfin (www.redfin.com) is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the
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Redfin Journalist Services: Alina Ptaszynski, 206-588-6863; firstname.lastname@example.org