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.
Source: Mortgage Daily