A stagnant housing market hasn’t held back Zillow’s mortgage business.

On its third-quarter earnings call Wednesday evening, the real estate portal giant reported that its mortgage revenue rose 63% year over year, driven by an 80% jump in purchase origination volume. Compared to the first nine months of 2023, Zillow’s origination channel revenue grew 41% to $104 million.

Zillow’s shareholder letter attributes the growth to its “integrated financing experience.” According to the company, 40% of shoppers begin the process by looking for a lender and 80% of them don’t have a real estate agent. Zillow believes its end-to-end service options are details ⇒

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