Institutions > Most Innovative Lender
The traditional mortgage process is bewildering, unpredictable and fundamentally broken. HomeLight is setting out to change the game by making mortgages simple, certain and less costly. HomeLight Home Loans (operating as Eave powered by HomeLight) takes a truly innovative approach to lending by providing a full upfront financial underwrite in 24 hours and guarantees close within 21 days (compared with the industry average of 45 days).
How does it work? Through proprietary technology, HomeLight Home Loans provides homebuyers with a revolutionary lending experience that digitizes and simplifies the mortgage process by automating 70% of it. By underwriting upfront, HomeLight Home Loans’ clients’ offers are much stronger than the typical flimsy pre-qual or partially verified pre-approval offered by top lenders. HLHL’s fully underwritten pre-approval, coupled with our Closing Guarantee enables qualified buyers to choose to remove their financing contingency. Buyers who don't close on time (due to the lender's fault) are backed by up to a $100k earnest money guarantee. This is a first in the industry and demonstrates HomeLight’s high level of commitment to putting the homebuyer first.
Ultimately, HLHL is a win-win-win for buyers, sellers, and agents. Buyers and sellers can be fully informed and underwritten before meeting HomeLight Agents. With HomeLight’s mortgage and escrow services, our clients and their agents can focus on the home, and not worry about the painful details. All parties get the certainty and speed they deserve.