iBuyer Opendoor’s recently launched mortgage product — which promises below-market interest rates after the company removed its markup — has sparked debate across the industry about who absorbs the cost and whether the model is sustainable.

Some industry professionals view the offering as similar to the strategy many homebuilders use — providing below-market mortgage rates while potentially pricing homes at a higher premium. Others question whether a program like this could be financially sustainable if offered for an extended period and at scale.

Dan Green, Opendoor’s director of mortgage growth, addressed the issue on social media this week, details ⇒

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