Bilt, which operates a loyalty program and credit card that converts rent payments into points, has secured a $250 million funding round led by General Catalyst and GID, with participation from United Wholesale Mortgage (UWM), the nation’s largest mortgage lender.

The funding brings Bilt’s valuation to $10.75 billion and will fuel expansion across the broader housing ecosystem, including mortgages, condominium HOAs and student housing, the company announced on Thursday. 

In the mortgage space, Bilt is launching direct partnerships with loan servicers and has received a $100 million investment from UWM. More details about the collaboration will be announced details ⇒

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