America's science and technology giant Amazon is going to enter the mortgage business?
The United States on March 8th, the U.S. real estate news website Housing Wire reported that Amazon is recruiting for its new mortgage sector, indicates that it is planning to enter the real estate lending business.
Housing Wire reported that the rumor of Amazon's mortgage business has been spread among people in the real estate loan industry.
Just a few days ago, Amazon, an e-commerce producer, had just been exposed to talk with a large bank, including Morgan chase, to provide users with a product similar to that of a checking account.
Restricted by confidentiality agreements, the previous reports did not disclose where Amazon specifically seeks talent for the newly established department, but the report implies that the answer is in the top ten mortgage companies in the United States, and it is also a non banking company.
Coincidentally, just last month, a Quicken Loans, a Detroit based and online application mortgage loan company, has surpassed the scandals that Wells Fargo has become the largest mortgage company in the US.
Unlike other large loan institutions that rely on deposits, Quicken Loans relies on wholesale funds to provide loans and use online applications rather than branching systems.
That is to say, the largest u. S. mortgage provider is now not a traditional bank, but a network service provider. Bezos, the founder of the Amazon, may have smelled the business opportunities and decided to enter the mortgage market.
Amazon has been trying to enter the loan field for some time, but it was not in the real estate field before.
In the shareholder letter two years ago, Bezos said he wanted to cooperate with banks to help his company make a big loan business, and the loan object is a small seller who sells activities on its platform.
Amazon, which started online selling books, is now not just an e-commerce giant, but also has its tentacles in offline retail, artificial intelligence, smart hardware, the Internet of things, logistics, finance, and so on.
With Amazon's share price soaring, Bezos has overtaken Bill, who came second.
According to CNBC, the share price of Amazon is up more than 2000% at the lowest point in the March 9, 2009 S & P at the lowest point in the financial crisis. As of March 9th, the company's share price was $1578.89, and Amazon's share price was only $60.49 in March 9th 2009. As of the deadline, the share price of Amazon was up 1.74% on the same day.