We've built a mortgage experience that's simple, digital, and transparent and collaborating with Robinhood shows what's possible when technology meets accessibility. Our goal is to help more people turn financial progress into homeownership, one of life's most meaningful milestones. In an interview with HousingWire ahead of the announcement, Malloy said that the offer was first piloted over the summer to a small group of Robinhood
Everyone deserves an affordable, stable place to call home. In Boston, a housing affordability crisis - marked by skyrocketing housing costs, gentrification, and displacement - threatens that fundamental right for too many residents. We need strong leadership to ensure Boston remains a city where everyone can live and thrive, not just the wealthy. Our housing system is broken and requires immediate action.
We've already seen what's possible when we invest in Spanish-language technology: our Latino salesforce has tripled, our funded loan volume in Latino communities has doubled as a percentage of the company's total book of business, and we've far exceeded expectations with 20,000+ digital applications in Spanish, Rate CEO Victor Ciardelli said in a statement. Now with the Rate App in Spanish, we're giving Spanish-speaking buyers the same high-performance mobile experience that's helped millions of homeowners, because language should never be what holds someone back.