Homie enters mortgage business

June 29th, 2017 Member News

Utah startup tech company Homie, whose technology platform automates home buying and selling, is now offering mortgage loans, the company said in a release. The new service aligns with Homie’s stated goal to revolutionize the real estate industry. Buyers can now get pre-qualified and secure a home loan online through Homie’s software platform.

“By streamlining the process and restructuring how loan officers are paid, Homie offers customers the lowest interest rates in the state,” the statement said. “On average, users will save up to half the typical fees paid to lenders by using Homie’s loan processes.”

“First, Homie cut out agent commissions. Now we’ve also cut out loan officer commissions — dramatically changing how much our customers pay to buy or sell a house,” said Johnny Hanna, Homie CEO and co-founder.

Homie recently acquired Utah-based mortgage company Econ Mortgage to enable it to begin offering home loans to customers.

– Written and published by Enterprise “Utah’s Business Journal”

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