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Zillow gets into the mortgage business, acquires Mortgage Lenders of America – MLoA originated 4,400 mortgage loans in 2017. The company argues that this leaves “plenty of opportunity for independent lenders to continue to advertise and build their businesses on the Zillow Group.
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The mortgage market is now dominated by non-bank lenders – But by September 2016, the share of loans by these three big banks dropped to 21 percent. [Lenders now must. in the mortgage business, and we’re still seeing the fallout. Lenders were not prepared.
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