Reduced introduces a white label mortgage platform

MORTGAGE By Ajay Pandit Jan 18, 2023

[{"selector":"#anim-76cf729e-9b52-4e3d-a6fe-d777abbfd596 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-51.50781227240998%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Iage Credit - Google.com The platform from Lower is designed to provide a "digital-first home finance experience swiftly and simply," the company said on Tuesday.

[{"selector":"#anim-4f8fc76f-8249-4e42-93a1-f59586b6299e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(38.71116851527939%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Iage Credit - Google.com White-label alternatives are available that can be integrated into the partner's workflow via

[{"selector":"#anim-0c872218-25b5-46c1-b625-37f6eae68405 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Iage Credit - Google.com application programming interfaces (API) and no-code solutions.

[{"selector":"#anim-ca9ac2b2-5f10-47b1-b869-9f608c674ed8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.18382343343982%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Iage Credit - Google.com The mortgage lender Lower, which has its headquarters in Columbus, Ohio,

[{"selector":"#anim-775bde38-5a06-4443-8fa2-853b313dd929 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-33.12499989760315%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Iage Credit - Google.com recently launched a platform that allows consumer finance, banking,

[{"selector":"#anim-967536d5-7029-4165-a0a8-c89b42ea860d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.984525271762342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Iage Credit - Google.com and real estate firms to provide its mortgage products.

[{"selector":"#anim-82a07c8e-ba9e-4837-aaa9-6fc35fabdb4f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Iage Credit - Google.com Compared to the $7.89 billion in originations in 2021, $4.19 billion in production volume was generated in 2022,

[{"selector":"#anim-130129e6-1e26-45b3-92ff-89ff87473d4a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-36.406249917513655%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Iage Credit - Google.com according to the mortgage data platform Modex.

[{"selector":"#anim-0148bc62-2936-49ee-a8fb-9344ffd8edfc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-37.877155098852846%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Iage Credit - Google.com In 2022, refinances made up 42.1% of the total output, while purchase mortgages made up 52.4%.

[{"selector":"#anim-ad1263ea-eb58-4e03-8acb-635cae8846e8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(38.91457088092093%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Iage Credit - Google.com In October, the Ohio lender also made 6% fewer hires, leaving it with 1,200 workers across all of its divisions,

[{"selector":"#anim-aa1108de-8322-42c8-9768-82148df9b0b5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Iage Credit - Google.com including retail, wholesale, and its direct-to-consumer arm Lower.com.

[{"selector":"#anim-0ff6bc88-8b22-43a8-abd2-666cce103ea9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.18382343343982%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Iage Credit - Google.com The lender claimed the decision was made to appropriately scale back operations in areas of the company including

[{"selector":"#anim-cf40e27b-8e45-4ef1-9e12-e8cbca88ee5b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Iage Credit - Google.com refinancing, operating training, and hiring that were most negatively impacted by choppy markets. Learn more