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February 2, 2017
The Seattle-based online brokerage firm is entering the mortgage business with Redfin Mortgage, and intends to begin issuing loans in the first half of the year. Initial markets will be Austin, Dallas, Houston and San Antonio. Redfin said its ultimate aim is an all-digital approach that integrates lending with its brokerage and title businesses. CEO Glenn Kelman said, “We'll track every aspect of the closing in a single system used by mortgage advisers, real estate agents, title experts and the customer, so everyone works together on an on-time closing.” Redfin Mortgage's Dallas office will be led by Jason Bateman, formerly with BBVA Compass.