Orchard Rebrands Home Loan Division as Orchard Mortgage

Orchard brings transparency, simplicity and speed to the mortgage journey.

NEW YORK, August 1, 2022 – Orchard, the company that is radically simplifying home buying and selling, today announced they have rebranded their loan division as Orchard Mortgage. This new entity will combine Orchard Home Loans and mortgage lender Loan Monkey, which was acquired by Orchard earlier in 2022.

“Financing is one of the most critical and stressful aspects of the homebuying journey. More than 70 percent of Americans rank their finances as the #1 stress in life, a pressure that only intensifies when your dream home is at stake. Orchard Mortgage enables us to deliver fast, stress-free pre-approvals and home closings to customers,” says Court Cunningham, CEO and Co-Founder of Orchard.

Orchard Mortgage has been purpose built to address the greatest pain points in financing. These areas of frustration include lack of transparency in the loan and buying process, ambiguity around fees, poor customer experience, eleventh-hour surprises, and slow and disjointed processes. According to December 2021 data from the National Association of Realtors, issues related to the buyer’s financing were responsible for 23% of delayed settlements, a massive and costly inconvenience for many people. Orchard is tackling these issues with proprietary technology tightly integrated into the home buying process that is powered by Orchard’s home buying ecommerce platform.

Orchard customers using services like Move First and Buy with Orchard will still maintain the ability to work with any lender of their choosing. However, those customers who opt to use Orchard Mortgage will benefit from fast pre-approvals, competitive and customized rate options, a seamless digital experience, and dedicated Loan Officer support. Buyers will be able to access a personalized dashboard that offers a timely, detailed, and holistic view of the closing timeline and any next steps required. Internally, Orchard agents will be able to easily see where customers are in the closing process and deliver more accurate information and guidance.

“By using technology to create efficiency in the loan origination process, Orchard will reduce closing delays, cut down on costs and cumbersome tasks for the buyer, and create a truly customer-centric home buying experience. This is just the beginning. Over the next year, we will bring products and experiences to the market that leverage the power of having real estate, mortgage, title, and power buying under one tech-enabled roof to transform how our customers buy and finance their homes,” says Ashwin Dayal, General Manager of Orchard Mortgage.

About Orchard

In a world where buying anything has become as simple as “point, click, purchase”, Orchard is bringing that same ease to life’s biggest financial decision — buying a home. We combine brokerage, mortgage, title, and technology to make the obstacles that lie between our customers and the home of their dreams disappear. Orchard customers win their next home, skip the traditional home sale hassles, and ultimately get to enjoy the experience. Orchard is headquartered in New York City and offers its services in Arizona, Colorado, Georgia, Maryland, Oregon, North Carolina, Texas, Virginia and Washington. It’s the new way to home. Learn more at https://orchard.com/.