Orchard Launches New Mortgage Product – NMP Skip to main content

Orchard Launches New Mortgage Product

Navi Persaud
Jul 16, 2020
Woman shopping for a home using her cell phone and laptop.

The home buying marketplace Orchard now offers Orchard Home Loans, a fully-integrated real estate platform for buying and selling a home.

"After piloting Orchard Home Loans in Texas, we now offer all of our customers the option to simplify their experience, and secure their dream home, quickly and easily," said Court Cunningham, CEO and co-founder of Orchard, one of the bigger iBuyer companies..

Orchard Home Loans allows homebuyers to choose from various rate options while outlining all of the steps and costs associated with their choices. The company revealed that 50% of customers who were buying with Orchard chose to use Orchard Home Loans for their purchase during the initial pilot in Texas. In February, NMP reported Orchard's expansion into Atlanta and Denver housing markets.

“Real estate closings have changed little over the last century and have traditionally required the consumer to coordinate a complex closing across multiple fragmented service providers. Orchard is bringing the transaction into the modern era, by giving consumers the choice of an integrated, all-digital closing,” said Cunningham.

Click here to learn more about Orchard Home Loans. 

Published
Jul 16, 2020
More from
Tech
Metaverse & Blockchain Are Hottest Emerging Trends In Real Estate

In 2021, over $31 billion was invested in real estate technology companies.

Tech
May 25, 2022
Openn Launches Pilot with bridgeMLS For Sales In California

Agents in Northern California, Bay Area will be able to list property and accept offers using the platform. 

Tech
May 24, 2022
All-Cash Offer Fintech Ribbon Expands Into Arkansas

Crye-Leike real estate agency to serve as first partner in the state.

Industry News
May 23, 2022
FirstClose Receives $35M Investment From Lateral

Fintech says it will use the investment to expand its growing financial services footprint.

Industry News
May 18, 2022
Zillow Group Bids Fond Farewell To iBuying

Reports solid 1Q 2022 earnings in part from selling off all but 100 homes left from Zillow Offers unit.

Industry News
May 05, 2022
Offerpad Earnings Continue To Set Records

Digital home buyer and seller reported revenue soared 384% in 1Q 2022 as it sold a record number of houses.

Industry News
May 04, 2022