Lender-paid mortgage originator Sindeo has struck an agreement with a San Francisco Bay Area neighbor, real estate brokerage Climb Real Estate, to serve the unique needs of millennial homebuyers in the Bay Area.
The two companies will share marketing efforts and events as they seek to alleviate pain points in the homebuying process by offering young buyers help in searching for a home, securing a mortgage and closing quickly.
According to the companies, their efforts will cater to the specific needs, interests and habits of millennials, who tend to be interested in purchasing properties in metropolitan areas, respond to the latest technological trends and shop around for the best deal.
Nick Stamos, co-founder and CEO of Sindeo, said the companies share a vision of “upending the real estate industry as we know it.”
Sindeo is an online marketplace that works to “demystify” the mortgage application process for those who are planning to purchase or refinance a home. The company works with 42 lenders that together offer more than 1,000 different loan programs to buyers via “mortgage advisers” strategically located in major metropolitan areas across the country.
It also offers back-end technology that aims to help lenders process loans more efficiently and improve communication between homebuyers and real estate agents.
Climb specializes in the purchase and sale of a diverse array of homes from several offices in the Bay Area and says it empowers its agents to act as “entrepreneurs” to provide personal service to their clients.
“Climb is one of the most innovative and cutting-edge real estate brokerages in the country. Their unique approach helps people have a simple, engaging and enjoyable homebuying and selling experience,” Stamos said.
Mark Choey, partner and co-founder of Climb, said the brokerage is “pleased to offer our clients and agents a broader marketplace of lenders, as well as an option for a more streamlined process of financing their home purchases.”