|August 29, 2018|
|Redfin Mortgage Launches in North Carolina|
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.
To help buyers compete and win offers, Redfin Mortgage offers an 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.
Demonstrating its commitment to fast, on-time closings, Redfin Mortgage offers a 25-day closing guarantee to buyers with an underwritten pre-approval. If Redfin Mortgage is unable to fund the mortgage in 25 days, it will give the homebuyer a
For buyers who are curious about what they can afford or need a preapproval to make an offer on a home right away, Redfin Mortgage offers fast pre-approvals, a lighter-weight, pre-approval process. Buyers who submit an application and the necessary documents during normal business hours can receive a pre-approval within 90 minutes. Redfin Mortgage offers a 30-day closing guarantee to buyers with a fast pre-approval.
"The Redfin Mortgage closing guarantee gives homebuyers an edge if they're bidding on a home that has multiple offers," said Jason Bateman, head of Redfin Mortgage. "By earning the seller's confidence that the sale will close on time, offers from buyers with a Redfin Mortgage pre-approval letter will stand out from the crowd in a bidding war."
Redfin Mortgage also offers:
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.
Since its launch in
For more information about Redfin Mortgage and to submit an application for a free, no obligation pre-approval, visit https://www.redfinmortgage.com/mortgage.
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, email@example.com