Real estate brokerage Radius has launched an in-house mortgage firm in California, the company announced in a press release.
Radius Mortgage is intended to provide real estate professionals and California homebuyers with a simple, transparent solution for mortgage lending.
The software allows agents to track and update documents and information on their client dashboards. It also features a dedicated team for supporting agents.
“We’re building Radius Mortgage from the ground up to be a premier lender in California,” said Sam Kasle, Radius’ Chief Revenue Officer.
“For far too long, the lending process has been frustrating and burdensome for agents and their clients alike. By keeping cost structures low and bringing transparency to the entire lending process, we hope to help real estate professionals deliver a better client experience and grow their businesses.”
Michael Bardales, Director of Mortgage, and Grace Davis, Senior Lending Manager, will lead the firm. Both bring nearly two decades of high-level lending experience to their roles.
The launch is the first step following Radius’s $14 million Series A fundraising round and expansion in Texas, Florida, and Washington.
Radius now operates in California, Colorado, Georgia, Oregon, Texas, Florida, and Washington. It plans to expand nationwide by the end of 2022 by leveraging its network of more than 85,000 U.S. agents.