Reported about 18 hours ago
SoFi, a financial technology company, is rapidly expanding its home loan business, which currently represents a small fraction of its overall operations. With U.S. homeowners sitting on $35 trillion in home equity, there’s a significant market opportunity for SoFi as refinancing and home equity loans could see a resurgence if mortgage rates decrease. The company has experienced remarkable growth in its home loan origination, marking a 476% increase in volume over two years, signaling a promising future if the housing market improves.
Source: YAHOO