Under the partnership announced Tuesday, approximately 1,150 AFN loan originators nationwide will be able to offer zavvie’s cash offer program to their customers.
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Direct mortgage lender American Financial Network Inc. is turning to zavvie to help its homebuyer clients make cash offers in a competitive market.
Under the partnership announced Tuesday, approximately 1,150 American Financial Network (AFN) loan originators located in more than 240 offices nationwide will be able to offer zavvie’s cash offer program to customers.
Ryan Hornung
“Cash offers continue to be the hottest trend in the home buying market,” zavvie co-founder and CEO Lane Hornung said in a statement. “Having more buyers cash buyers creates more opportunities for AFN’s trusted loan originator business, we know the zavvie cash offer program will increase business activity among our loan officers.”
Proportion of cash buyers Accounted for 33% of home sales February’s share was the highest since March 2014, according to the monthly agent survey conducted by the National Association of Realtors (NAR).
John Donofrio
“As we work to support more customers competing against all-cash buyers and winning more offers, we are not only participating in market trends, we are leading them,” AFN’s John D’Onofrio said in a statement.
In February, AFN announced The company selected Snapdocs’ eClosing platform and eVault solution “to accelerate the adoption of digital settlement, improve the company’s operational efficiency, and enhance the borrower experience.”
AFN said it expects to convert all 240 of its retail offices to mix, eNote and remote online notarization (RON) transactions.
zavvie is a software technology company that helps real estate brokerages and mortgage lenders provide buying and selling solutions through a white label platform. zavvie launched its Super Buyer program for real estate agencies in February 2023, and launched a similar service for mortgage lenders in July.
The Boulder, Colorado-based software technology company last year announced a $3.65 million funding round led by existing investors including Second Century Ventures, the National Association of Realtors venture capital fund. Managing Partner Tyler Thompson joins zavvie’s Board of Directors.
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