On Tuesday, fintech mortgage lender Beeline Holdings (NASDAQ:BLNE), the parent company of Beeline Loans, Inc., announced that it had surpassed $1 billion in closed loan originations since inception.
Commenting on the milestone, Nick Liuzza, Co-founder and CEO of Beeline, stated, “We are certainly moving in a strong direction. Reaching the $1 billion mark is a major milestone for our company. While the broader market has yet to fully normalize, Beeline’s momentum highlights the strength of our platform and the value we are delivering to customers, even in challenging conditions.”
Beeline has recently achieved several notable milestones: Beeline expects April 2025 to be its best month since the market downturn, with 38% year-over-year growth, outpacing the industry average of 9%.
Also Read: Beeline Clocks About $200 Million Mortgage Origination Volume In 2024
The company secured a continued Nasdaq listing and formed key partnerships with Rabbu and Red Awning to expand its reach and offerings.
Beeline Loans formed a strategic partnership with Rabbu, integrating short-term rental analytics and financing to streamline the STR investment process. The collaboration complements Beeline’s alliance with Red Awning, fueling strong growth in investment lending and contributing to record April revenue expectations.
In March, Beeline Holdings launched Bob 2.0, an enhanced AI-powered mortgage sales agent. Bob delivers six times more qualified leads and eight times more mortgage applications than human agents. Operating 24/7, it personalizes sales journeys and will soon support real-time approvals and voice interaction, marking a significant step toward fully AI-driven mortgage origination.
Price Action: At the last check on Tuesday, BLNE shares were trading lower by 4.58% at $1.46 premarket.
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This article EXCLUSIVE: Beeline Breaks $1 Billion Barrier, Bets Big On AI And Short-Term Rental Surge originally appeared on Benzinga.com
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