Zillow is now a mortgage lender, launches Zillow Home Loans
Zillow has owned a mortgage company for approximately six months, having purchased Mortgage Lenders of America in November 2018, but now, the online real estate giant has truly become a mortgage lender as well. Zillow announced Tuesday that it is launching its own mortgage lending operation, which it is calling Zillow Home Loans. For years, prospective homebuyers could search for a mortgage through Zillow’s site, as lenders paid to have their interest rates and terms listed on Zillow’s mortgage marketplace. Now, they’ll have a new competitor: Zillow itself.