iBuyer Opendoor is rolling out a new mortgage product to a limited group of users, marking a return to home financing.

CEO Kaz Nejatian told analysts during the company’s earnings call on Thursday that the product was developed internally in less than 10 weeks.

“Early in January, we took four engineers aside, and we asked them to work on our mortgage product,” Nejatian said. “We built a mortgage product in less than 10 weeks. People told me it would take at least a year.” 

The launch represents a renewed push into financial services after the company announced details ⇒

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