twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Zillow Acquiring $1 Billion Mortgage Originator

Deal to create opportunities with real estate brokers

Aug. 6, 2018

By Mortgage Daily staff

A company that originates in the range of $1 billion annually is being acquired by Zillow Group Inc. The deal is expected to create opportunities with real estate brokers.

On Monday, the Seattle-based organization announced that it has reached a definitive agreement to acquire Mortgage Lenders of America LLC.

Overland Park, Kansas-based Mortgage Lenders of America says it employs more than 300 "loan professionals." It reportedly has funded 30,000 loans since its founding in 2000.

Last year, the home lender reports that its closed 4,400 transactions. Based on the average mortgage of roughly $225,000 in last week's U.S. Mortgage Market Index report, dollar volume for last year's production is estimated at $990 million.

With the acquisition, Zillow will be able to streamline and shorten the home-buying process for prospects who use its Zillow Offers to purchase a home.

It will also create partnership opportunities with real estate brokers who have existing in-house mortgage operations or mortgage affiliates.

Mortgage Lenders of America, which ranked as one of LendingTree's top home lender in 2013, will continue to originate loans. It will also continue to participate in Zillow's mortgage marketplace -- which generated $38 million in revenues during the first half of this year from all lenders.

Mortgage Lenders of America President Philip Kneibert will continue to lead the company as general manager after the transaction closes. He'll report to Greg Schwartz, president of media and marketplace at Zillow.

Terms of the transaction, which is subject to the satisfaction of customary closing conditions, including mortgage regulatory approvals, were not disclosed. Zillow said it expects to close the deal in the fourth quarter,

next story

back to current headlines

The Mortgage Graveyard
Failed, closed and a c q u i r e d mortgage-related entities.

Real Estate News | Real Estate Statistics
Residential real estate news and coverage of how residential real estate impacts the mortgage industry and residential mortgage-backed securities.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders