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Better introduces VA refi loan with no appraisal or closing costs

New York-based digital mortgage lender Better.com launched a streamline refinance loan product on Monday that aims to help military veterans and service members save money on long-term interest expenses and closing costs. Better is now offering the well-known Interest Rate Reduction Refinance Loan (IRRRL) through the U.S. Department of Veterans Affairs (VA). The product is…

The future of the MLS may be murky, but brokers still want the data

As a panel of real estate leaders gathered to discuss the future of the MLS at the National Association of Realtors‘ NXT conference in Boston, Errol Samuelson, Zillow‘s chief industry development officer, found himself and his company in a bit different standing than usual with the audience of several hundred agents and brokers. “The MLS…

Zillow’s mortgage business is growing. Lenders beware

Zillow is moving full speed ahead with an ambitious expansion of its mortgage business, leveraging its housing tech innovations to potentially reshape how modern homebuyers finance homes.  In its third-quarter earnings report, Zillow Home Loans revealed an impressive data point: mortgage revenue increased 63% year over year in the third quarter to $39 million, which…