SoFi really stepping up mortgage biz. They funded $775m mortgages in each of 2018-19, $2.18b in 2020, $735.6m 1Q21. SoFi mortgage was powered by Blackstone-owned Stearns till they exited that deal 3Q20. Also notable: Blackstone sold Stearns to Guaranteed Rate in Jan 2021.
1/ @sofi really stepping up mortgage biz. Per @IMFpubs they funded:
-$775m mortgages in each of 2018-19, 7% of total fundings
-$2.18b in 2020, 22.5% of total
-$735.6m 1Q21, 28.9% of total
SoFi mortgage was powered by Blackstone-owned Stearns till they exited that deal 3Q20
1/ @sofi really stepping up mortgage biz. Per @IMFpubs they funded:
-$775m mortgages in each of 2018-19, 7% of total fundings
-$2.18b in 2020, 22.5% of total
-$735.6m 1Q21, 28.9% of total
SoFi mortgage was powered by Blackstone-owned Stearns till they exited that deal 3Q20
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