Lennar Mortgage Sub Launches Digital Platform


Lennar announced on April 9 that it’s mortgage subsidiary, Eagle Home Mortgage, has partnered with Blend to launch a digital mortgage platform. Blend is a San Francisco-based technology company that offers digital lending tools to customers like Wells Fargo, U.S. Bancorp and Fannie Mae.

Eagle Digital Mortgage allows users to apply for a mortgage from any device. The platform pulls applicants’ data from bank statements, tax and employment data and other documents to populate the application.

RELATED: Crested Butte Goes All Electric

“We are combining the power of technology with an intuitive design to enable borrowers to apply for a mortgage in as little as 10 minutes from any device,” Jimmy Timmons, president of Eagle Home Mortgage, said in a statement. “By empowering customers to provide a more complete loan application up front, we can streamline our entire mortgage application, approval, processing and closing process.”

Lennar noted that an early pilot of the digital platform processed over 700 applications. The platform is available now to users in Colorado.

In February, Housing Wire reported that Fannie Mae approved Blend to asset verification reports on the mortgage purchaser’s Desktop Underwriter risk assessment tool. Last summer, Wells Fargo and U.S. Bancorp signed on to use Blend’s platform to streamline the lending process, according to the Wall Street Journal.


Colorado Builderhttps://coloradobuildermag.com/
Colorado Builder content specialist


Please enter your comment!
Please enter your name here

Related articles

Technology Enhances the Homebuilder-Realtor Relationship

Technology serves as a powerful catalyst for establishing seamless connections and streamlining processes between homebuilders and realtors.

Number of Women in Construction is Growing

The opportunities and demand for women in residential construction have never been greater, even if growth is happening at a snail’s pace.

Finding Inspiration at the Women in Residential Construction Conference

Leadership Reimagined, the 8th annual Women in Residential Construction (WIRC) conference, was held in October in San Diego.

Female Influence Benefits Construction Industry

Women have made great strides in the industry, at all levels, in roles that include ownership/management, technical positions, and support.