Realtor.com Takes Stake in Lender Matching Service "Own Up"

September 1, 2022

Realtor.com is investing in Own Up—a lender matching service that lets homebuyers compare mortgage offers—and is integrating the service into its portal.

The partnership was announced at the same time as a €25m funding round led by Brand Foundry Ventures. The company will use the funds to further build out its technological capabilities, expand its offering and invest in people.

Bryan Charap, CFO at Realtor.com, said:

"This relationship is a natural fit. Own Up’s team brings deep mortgage expertise to the Realtor.com online experience, and together we’re able to expand upon our shared goal of helping Americans find and close on their dream homes."

Patrick Boyaggi, co-founder at Own Up, said:

"Realtor.com plays an essential role in the home search process for so many Americans and now we’ll be able to provide mortgage education and tools to comparison shop, boosting buyer confidence as they move through the process."

Realtor.com becomes the latest portal to diversify its offering to include mortgages. joining the likes of REA Group and Zoopla to cast its net over a larger proportion of lucrative property transactions, as highlighted in Online Marketplaces' 2022 Adjacencies Report.

Meanwhile, Realtor.com rival Zillow is struggling with its mortgage segment, with industry expert Mike Del Prete suggesting that Zillow Home Loans is "consistently unprofitable", with Zillow spending $1.85 for every $1 of mortgage revenue during the first half of 2022.

 

September 1, 2022
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

People Roundup Hero Image 3 April 25
People on the Move Roundup: REW, ImmoScout24 and REA India

This week's roundup of real estate marketplace comings and goings features executives on the move in Canada, Germany and India......

Read More
Cooperrocketacq 1
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More
Scout24 German Houses 2
Scout24 Closes Another Data-Focused Acquisition

Germany-based marketplace operator Scout24 has continued its expansion into real estate data with the acquisition of Austrian proptech firm ImmoUnited....

Read More
People Roundup 28Mar 3
People Roundup: Aviv Group, Pisos.com, Kleinanzeigen, REA India, Anjuke

There have been several high profile C-suite moves in this week's People Roundup. We'll start in Europe...   Europe: Aviv...

Read More

Editor's Pick