Mortgage by Doorvest – Doorvest Launches Integrated Lending
One of the biggest headaches of investing in real estate is dealing with financing. Like real estate, the mortgage industry is run with outdated technology with even more ancient companies. That means a lot of manual work, labor, and paperwork that you normally need to deal with.
Doorvest wanted to change that., That’s why we are introducing Mortgage by Doorvest with help from our partner, Pylon, to provide highly integrated, tech-driven mortgage services to Doorvest customers directly on the Doorvest platform breaking down one of the biggest barriers of entry for first-time home buyers and other real estate investors.
We strive to have a technology-first experience when it comes to real estate investing, and getting a mortgage was one of the biggest pieces of that experience. This allows Doorvest customers to continue to be as hands off and passive as possible while allowing them to invest in out-of-state real estate from the comfort of their home.
Andrew Luong, CEO & Co-Founder of Doorvest, commented,
We built Doorvest to help unlock home ownership for everyday Americans and to break down the barriers to people investing in real estate. Our mission is to simplify real estate investing so that long-term wealth is easy to access, build and grow. We are thrilled to partner with Pylon to make this even easier. The Pylon team has decades of experience in the mortgage industry combined with a tightly integrated software platform that will greatly serve our customers.
So, what’s new?
The obvious change is being able to get a mortgage through the Doorvest portal, but how does that benefit you? Read on to see.
Tech-Driven, 100% Online Pre-Approval Process
Go through the entire pre-approval process from the comfort of your couch in about 10 minutes without needing to talk to a loan officer.
You’ll provide details about yourself, your finances, and more. At the end, you’ll jump into the dashboard and be able to download a pre-approval letter with your maximum pre-approval amount based on the information you provided. And you may even be surprised with what you are allowed to borrow 🤫.
Access Your Mortgage and Real Estate Dashboard In One Place
After you complete your application, you’ll receive your mortgage dashboard for viewing.
This will be a centralized location for you to complete tasks, upload important documentation, see the status of your loan, and other key loan details. You’ll also be able to generate custom pre-approval letters, receive contact information for your assigned Mortgage Advisor, and complete the rest of your mortgage application.
It’s one seamless area for you to manage your mortgage.
Efficient Processing and Integrated Team Solutions
With the Doorvest partnership with Pylon, you’ll receive best-in-class service from both teams. Both teams boast decades of experience within the real estate and the mortgage industries, so you know you have the best team behind you.
On top of that, your Doorvest Client Partner will be in close contact with your dedicated Mortgage Advisor to ensure a smooth process free from the headaches of disjointed systems. Because of this tight integration, your Client Partner will be able to help drive the lending process and have insight into what’s going on in your application to provide a smooth closing process.
Rate-Match Guarantee
We know mortgage rates are important to you. And that’s why we created a Rate-Match Guarantee program, which means if you find a better rate elsewhere, share your Loan Estimate with us and we’ll try to beat it.
This means you can maximize the returns on your investment by getting the lowest rates we can offer.
See Rate Match Terms and Conditions.
Conclusion
With Mortgage by Doorvest, powered by Pylon, you’ll be able to manage your real estate investments and mortgage all in one place, completely online, and backed by a best-in-class team.
Disclosure:
Doorvest, Inc. is not a lender. All integrated mortgage lending products and services, including those advertised herein, are provided by Embed Inc. d/b/a Pylon Lending, Pylon, NMLS# 2324627 (“Pylon”), a non-affiliated mortgage lender. You are not required to use our integrated lender for your property and may be able to obtain lower rates or fees through a different lender. All communications and information sharing that occurs through the mortgage section of Doorvest, Inc.’s platform are between you and Pylon. All offers subject to Pylon approval. Only the most qualified applicants will be approved for Pylon’s lowest rates. Mortgage advisors are licensed Mortgage Loan Originators employed or otherwise engaged by Pylon. This is not a commitment to lend. To obtain a mortgage loan, you will need to submit a complete application to Pylon and obtain full underwriting approval. Loan terms are subject to change. Pylon Mortgage Advisors can only advise on Pylon products. Talk to a Pylon Mortgage Advisor to understand how to get Pylon’s best rate in today's environment.
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