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Last updated on April 26th, 2021 at 11:51 am
Minnesota, Vermont, and Virginia are the additional three new states where Better a digital homeownership company have launched their mortgage services.
Better works towards helping streamline the home financing experience.
Fees and commission are removed because Better uses a combination of technology and human intelligence.
While Vermont saw an increase of 79% in out-of-state interest in residential sales leading to Better’s expansion in the three states.
According to a press release in Minnesota since March the homebuilding has risen by 50%.
Also, post-pandemic in the Greater Capital Region 45% of employers who are having 20 and more employees plan to carry out a permanent work-from-home culture.
Because of the pandemic in 2020, there has been a quicker shift to e-commerce resulting in an online retail sales increase of more than 30%, which has brought about a change in the home buying experience.
According to Better, more than 63% of home buyers are locking in a property without physically walking to the property.
Vishal Garg, CEO at Better said that because of the pandemic the clients are expecting the home finance industry to innovate and digitize.
The pandemic’s impact has propelled the demand for Better’s digital solution, resulting in a 5x increase in invested loan volume in 2020.
They also funded $25 billion in loans last year, and $14 billion in the first quarter of 2021.
Reference Source: NMP
