The Michigan-based and third-largest wholesale mortgage lender aims to cut costs by more than $100M a year in response to an 'extremely challenging' lending environment
The company announced job cuts Wednesday, saying it needed to focus on growing in a 'sustainable way.' Numerous other companies have also cut jobs as the housing market shifts
Scottsdale, Arizona-based HomeLight says Series D raises the company's valuation to $1.7B, and acquisition makes it the largest 'agent-focused' cash offer program in the US
Powered by Accept.inc, Homepoint Cash Compete program is available at launch in six states: California, Colorado, Minnesota, Oregon, Texas and Washington
The fintech mortgage lender plans to use the funds to scale the company's platform, double its team and expand into new markets