https://www.housingwire.com/blogs/1-rewired/post/42706-amazon-hiring-head-of-newly-formed-mortgage-lending-division#.WqKiRpE3u2A.twitter
Earlier this week, we reported to the LendingLife community that online shopping giant Amazon may be looking to get into the mortgage lending business, or at least that's the rumor among mortgage lending professionals.
While limited in scope, Amazon's plans are to start with offering
checking programs first, then maybe move into the debt product space
after.
Well, after reporting that, we’ve received information that Amazon is
currently looking to hire someone to lead their newly-formed mortgage
lending division.
Due to non-disclosure agreements, we probably shouldn’t reveal their
identities. After all, with Amazon planning a move into mortgage
lending, it’s best we work with them and not against them. Am I right?
We can say that if you look at the top 10 HMDA lenders and pick out
the nonbanks, that’s where Amazon is recruiting their talent.
One person we spoke to turned down the job, but couldn’t say why.
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