(Erika Schultz/Seattle Times/TNS) Redfin has launched Redfin Mortgage to make home loans to Redfin customers in Texas. (Erika Schultz/Seattle Times/TNS) Photo: Erika Schultz, McClatchy-Tribune News Service Redfin launches Texas-based home loan business 1/1 Back to Gallery Redfin, the Seattle-based online real estate brokerage firm, has formed Redfin Mortgage in an effort to streamline the home buying process and keep fees down. Based in Dallas, the company will start making loans in the first half of 2017 to Redfin customers buying homes in the Houston, Austin, Dallas and San Antonio markets. It will not initially handle refinance loans. Jason Bateman, formerly of BBVA Compass, will head the new office, which complements Redfin’s brokerage and title businesses. RELATED: Redfin forecasts Houston’s ‘hottest’ neighborhood in 2017 “If an appraisal comes in low or an inspection turns up a problem, everyone should learn about it at the same time, without relying on telephone calls and email messages hours after the fact,”Bateman said in an announcement. “Automating tasks that were once performed manually should not only lower costs, but reduce the possibility of errors that create lending risk.”
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