The average homebuyer would save $150 per month by taking out an adjustable-rate mortgage instead of a 30-year fixed-rate mortgage, according to a Redfin report.
New partnerships are slated to yield an AI-powered originations platform in one case and preferred mortgage rates and homebuying advice as an employee benefit in another.
“By leveraging the existing shared services infrastructure of our joint venture channel, we are well positioned to scale this business and add a new source of profitable growth,” said Anthony Hsieh, CEO of loanDepot.