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Exclusive: Wealthfront takes mortgage push into California, its largest market
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Investing.com -- Wealthfront Corporation (Nasdaq: WLTH) is extending its mortgage business into California, its largest client market, as part of a state-by-state rollout that has so far reached three states, Investing.com has learned.
The company will announce today that Wealthfront Home Lending is now live in California, Colorado and Texas.
The California expansion carries a specific product angle, with Wealthfront noting that 20% of its borrowers to date have restricted stock unit income.
This rises to 30% among California borrowers, a segment that traditional underwriting handles awkwardly, and one the company has built dedicated RSU verification for.
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