Continued Momentum with 13.3% YOY Volume Growth, 13.9% YOY Gross Billings Growth, and 20.8% YOY Net Revenue Growth Positions Company on Track for Profitability by April 2025
PALM BEACH, Fla. , Nov. 14, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The Global Mortgage Lender Market is expected to grow at a substantial rate for years to come. A mortgage lender refers to a financial institution or company that provides loans for purchasing or refinancing real estate properties. A mortgage lender allows individuals or businesses to borrow funds to acquire residential or commercial properties. The main type of mortgage lenders is residential and commercial estate. Residential refers to properties or locations that are primarily utilized for housing or living. The various providers are banks, credit unions, and mortgage brokers, with various mortgage rates, including fixed-rate and adjustable-rate, and various repayment periods, including short-term and long-term. These are used in various applications such as new houses and second-hand houses. A report from The Business Research Company said that: "The mortgage lender market size has grown rapidly in recent years. It grew from $1024.5 billion in 2023 to $1158.58 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to increased interest rates, increased costs of living, increased per capita income, population growth, credit market tightening." Active fintech/lending companies in the markets this week include: Pineapple Financial Inc. (NYSE American: PAPL), NerdWallet, Inc. (NASDAQ: NRDS), LendingClub Corporation (NYSE: LC), Freddie Mac (OTCQB: FMCC), LendingTree, Inc. (NASDAQ: TREE).
With Renewals+, PAPL achieves 30% higher repeat business than industry standardsLeveraging advanced data analytics & personalized customer engagement, Renewals+ is...
Pineapple Financial Inc. (NYSE: PAPL) expands with two new affiliates, strengthening its position as a leader in the Canadian mortgage industry and utilizing AI and data-driven solutions for personalized options.
Toronto, Ontario--(Newsfile Corp. - August 15, 2024) - Pineapple Financial Inc. (NYSE American: PAPL) ("Pineapple"), a leading fintech, today announced...
Pineapple Financial (NYSE American: PAPL), a digital mortgage company focused on providing Canadian mortgage brokers with the systems, tools, and technologies they need to provide home buyers and mortgage seekers with a more digital customer experience, has been featured in a RazorPitch article. With Canada’s unique mortgage market requiring holders to refinance after every five years, Pineapple Financial offers investors the perfect way to capitalize on this opportunity. According to the article, the company’s technology is designed and geared towards Canadian mortgage brokers, a very fast-growing channel of origination.
Canada has a unique mortgage market that requires holders to refinance after every five years. If you're an investor looking to capitalize on this opportunity, one little-known company offers the perfect way to do so.
