New Digital Home Lender Beeline Launches In Six States, DC

May 21, 2020

Photo credit: Getty Images/carloscastilla

A new digital home loan lender, Beeline, has been launched using both artificial intelligence and personal loan guides as it enters its initial markets of Washington, D.C.; Florida; Maryland; Massachusetts; Rhode Island; Texas; and Virginia.

Beeline links directly to a user’s personal bank, employment and pay information, and tax history, using machine learning to create a purchase-ready or refi-ready approval, retrieving numbers directly from the third-party source as opposed to estimated information from the user. The lender claims it can provide approvals in as little as 15 minutes.

Applications can be completed without talking to a single person or, if desired, can be facilitated by a Beeline loan guide who can be reached via direct message, email, phone, or however the homebuyer prefers to communicate.

Beeline has a staff of 30, led by Nick Liuzza, CEO and co-founder; Peter Gonzalez, chief financial officer and co-founder; and Jess Kennedy, general counsel/chief commerical officer and co-founder; and tech entrepreneurs Greg Ellis, vice president of brand/product and co-founder; and Jay Stockwell, vice president of marketing and co-founder.

About the author

NationalMortgageProfessional.com

Link copied

Published

May 21, 2020

Courts

Six Mortgage Brokerages Sued Over Alleged Kickback Scheme

Pennsylvania AG claims up to $1M swapped hands between agents and brokers

A cautionary tale for mortgage brokers arrived this week from Allentown, Pa., after state prosecutor and former Pa. Attorney General, Michelle Henry, filed a lawsuit against six mortgage brokerages that operate in the area, and their manager, Barry Newhart, concerning an all...

Analysis and Data

Existing-Home Sales See Quickest Climb Since Last February

Median home prices remain at record high, sales near-30-year low

Despite high prices and mortgage rates, existing-home sales in the last three months of 2024 “showed solid recovery,” according to the National Association of Realtors (NAR). Sales grew by 2.2% in December from the month before to a seasonally adjusted annual rate of 4.2...