• Zillow Stock Plunges After It Says It's Buying an Online Mortgage Lender

    2 monthes ago - By Fortune

    Zillow Group saw its stock plunge nearly 20% late Monday after announcing it would move into the online mortgage sector, while also warning that its revenues would be below analyst expectations this year.
    Investors awaiting a quarterly earnings report from Zillow received a bonus announcement: Zillow is buying Mortgage Lenders of America , an online-mortgage lender based in Overland Park, Kansas. The move will expose Zillow to a new revenue stream but also a historically risky industry.
    Founded in 2006, Zillow became a popular real-estate listings service which has since expanded into...
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  • Zillow Moves Into the Mortgage Business

    2 monthes ago - By RIS Media

    Zillow Group, Inc. has announced that it has entered into a definitive agreement to acquire Mortgage Lenders of America, a national mortgage lender, headquartered in Overland Park, Kan. According to Zillow, the move will streamline and shorten the home-buying process for consumers who purchase homes through Zillow Offers .The transaction, which is subject to the satisfaction of customary closing conditions, including mortgage regulatory approvals, is expected to close during the fourth quarter of 2018. Terms of the deal were not disclosed.
    According to a Marketwatch report, Zillow stock...
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  • Zillow tanks after announcing plans to acquire a mortgage lender

    2 monthes ago - By CNBC

    The company recently launched a new strategy of buying and selling homes directly to users, expanding its offerings beyond real estate brokers.
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  • Zillow gets into the mortgage business, acquires Mortgage Lenders of America

    2 monthes ago - By Tech Crunch

    Zillow , the publicly traded real estate portal and lead generation service, has acquired Mortgage Lenders of America. This is Zillow's first move into originating mortgages. Until now, the company's focus in this space was on providing home buyers with quotes from a variety of third-party lenders.
    The financial details of the transaction were not disclosed.
    Mortgage Lenders of America is a privately held online lender based in Kansas. It will continue to operate as usual and will continue to appear in Zillow's existing mortgage marketplace, which isn't going away either. “Owning a...
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  • Zillow to acquire Mortgage Lenders of America, streamline buying through Zillow Offers

    2 monthes ago - By Inman

    Zillow announced on Monday, its acquiring the Kansas-based Mortgage Lenders of America.
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