Building on the success of its student loan refinancing platform, Laurel Road, an online lender and FDIC-insured bank, recently launched a digital mortgage platform that delivers personalized mortgage options at real, competitive rates.
Laurel Road’s platform builds mortgages entirely online, simplifying the process with transparent fees and a customized end-to-end digital experience with human support only when customers need it, the lender says in a release.
Laurel Road’s student loan refinancing platform has surpassed $3 billion in originations, the lender reports. Its new digital mortgage platform is based on the same principles of secure technology backed by a federally regulated bank, a simple, digitally led experience and customized rates and options.
Customers are prompted to provide information about their home financing situation, including whether they’re buying a first home, refinancing or simply exploring preliminary rates, so the product will generate real mortgage options specific to their needs.
“Buying or refinancing a home is a huge milestone for any individual or family, and we want to enable the smoothest path to financing that life-changing goal,” says Gary Lieberman, chairman and CEO of Laurel Road. “That’s why we don’t advertise teaser rates. Instead, we offer real rates and personalized options within a truly digital user experience so people can start planning this important step with no sensitive information required upfront.”
Laurel Road is the online lending arm of Connecticut-based Darien Rowayton Bank.