Two of the largest real estate market leaders join forces to create a new mortgage company.
Compass Inc… as well as Guaranteed rate announced on Tuesday that they had entered into an agreement to form OriginPointusing the breadth of knowledge and experience of each company. OriginPoint will combine Compass’s end-to-end technology platform with Guaranteed Rate digital mortgage capabilities for rapid growth.
The Guaranteed Rate digital mortgage platform will be fully integrated into the AI-powered Compass cloud software suite, enabling OriginPoint to “improve efficiency at every stage of the mortgage process to provide a faster, smoother and more transparent home buying and selling experience. loan officers, agents and clients “, – said in joint venture issue…
OriginPoint will provide mortgage loans to clients of real estate brokerage Compass and other brokerage firms, and will help agents and loan officers work together to reduce the uncertainty faced by clients in the home buying process. The new company is also looking to modernize the real estate transaction process, increasing speed and efficiency for lenders, agents and their clients.
“Partnering with Compass and Robert Reffkin to quickly build a best-in-class technology-driven mortgage company is truly exciting,” said Victor Ciardelli, Founder and CEO of Guaranteed Rate. “With soaring interest rates, limited housing supply and declining refinancing, now is the perfect time to hire the best of the best loan officers and sales executives across the country.”