MIAMI, April 9, 2018 /PRNewswire/ -- To streamline
the home loan process, Eagle Home Mortgage, a subsidiary of Lennar
Corporation (NYSE: LEN and LEN.B), introduces the Eagle Digital
Mortgage platform. Aimed at delivering a best-in-class,
mobile-friendly application for its customers, the Eagle Digital
Mortgage incorporates sophisticated, data-driven technology to
simplify a traditionally tedious, manual process. The result is a
faster, more frictionless mortgage experience for the consumer.
Eagle's Digital Mortgage experience enables customers to apply
for a mortgage loan from their smartphone, tablet, desktop or
laptop, from anywhere, anytime. Customers can automatically connect
their bank statements, tax and employment information, and any
other document necessary to apply – in minutes – eliminating the
inefficiencies of the paper-based process. Loan officers can also
'co-pilot' an application directly with a customer to guide them
every step of the way.
The Eagle Digital Mortgage platform was developed in partnership
with Blend, a Silicon Valley technology company that provides a
streamlined digital loan experience to lenders across the industry.
Eagle Home Mortgage is using this technology to empower customers,
as well as drive efficiencies into the mortgage processes and their
overall business.
"We are combining the power of technology with an intuitive
design to enable borrowers to apply for a mortgage in as little as
10 minutes from any device," said Jimmy
Timmons, President of Eagle Home Mortgage. "By empowering
customers to provide a more complete loan application upfront, we
can streamline our entire mortgage application, approval,
processing and closing process."
The Eagle Digital Mortgage platform puts security first as it
operates with a bank-level encryption to secure information. It
also provides enhanced loan origination controls and greater
certainty around the borrower's assets, income and employment
information, reducing processing and underwriting time.
Throughout an initial pilot of Eagle Digital Mortgage, the
Company processed more than 700 applications. Customer feedback has
been overwhelmingly positive earning an average Net Promoter Score
of 9.05 out of 10—a metric that determines the likelihood to
recommend based on customer experience.
"I am pleased to see such a positive response from our
customers," continued Timmons. "Buying a new home is an
incredibly exciting and wonderful experience. We believe the
mortgage experience should be too. The new Eagle Digital Mortgage
experience makes applying for a loan easy, fast and enjoyable!"
About Eagle Home Mortgage
Founded in 1981, Eagle Home
Mortgage is a full-service mortgage lender and proud member of the
Lennar family of companies. Eagle offers a variety of home
financing options and delivers a premier customer experience
through its digital mortgage platform. The company operates in 42
states with 150 branch offices located throughout the country.
Eagle's vision is enriching lives through a dedicated commitment to
homeownership. More information can be found at www.eaglehm.com
About Lennar
Lennar Corporation, founded in 1954, is
one of the nation's leading builders of quality homes for all
generations. The Company builds affordable, move-up and active
adult homes primarily under the Lennar brand name. Lennar's
Financial Services segment provides mortgage financing, title
insurance and closing services for both buyers of the Company's
homes and others. Lennar's Rialto segment is a vertically
integrated asset management platform focused on investing
throughout the commercial real estate capital structure. Lennar's
Multifamily segment is a nationwide developer of high-quality
multifamily rental properties. Previous press releases and further
information about the Company may be obtained at the "Investor
Relations" section of the Company's
website, www.lennar.com.
About Blend
Blend is a Silicon Valley technology
company propelling the $40+ trillion consumer lending industry into
the digital age through partnerships with banks, lenders, and
other technology providers. Blend's cloud-based technology,
currently specific to home lending, delivers speed and efficiency
to lenders so they can serve the modern borrower and safely
navigate the industry's changing rules and regulations. Founded
in May 2012, Blend is backed by Greylock Partners, Emergence
Capital, Founders Fund, Andreessen Horowitz, 8VC, Lightspeed
Venture Partners, and other leading venture investors. To learn
more, visit blend.com and connect
at twitter.com/blendlabsinc.
Media contact: Danielle Tocco,
949-789-1633, danielle.tocco@lennar.com
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SOURCE Lennar Corporation