Real estate technology platform HomeLight has announced its acquisition of digital mortgage startup Eave, as well as the launch of a home-loans divisions in several states across the US.
HomeLight will employ Eave’s proprietary mortgage technology to improve its homebuying process, according to HomeLight founder and CEO Drew Uher.
In addition to the acquisition, the San Francisco-based firm also expanded the operations of its mortgage division in California, Colorado, Oregon, Pennsylvania, Texas and Washington, D.C.
“This is a win-win-win for buyers, sellers, and for agents. Buyers and sellers are fully informed and underwritten before meeting HomeLight agents,” said Saro Vasudevan, co-founder and chief operations officer of Eave. “With our mortgage and escrow services, consumers and their agents can focus on the home, and not worry about the painful details. The frictionless real estate transaction is a reality for HomeLight and Eave. And, every real estate agent is included.”
“We’re excited to join forces with a team deeply committed to putting people first. HomeLight uses technology to empower homebuyers and sellers in ways that delight them. The process, as it is today, is bewildering and unpredictable. It’s fundamentally broken. Together, we are making it simple, certain and less costly throughout,” said Eave co-founder and CEO Jack McCambridge.