Zillow mortgage unit takes a loss as expenses outweigh strong demand

Zillow mortgage unit takes a loss as expenses outweigh strong demand 2 months ago admin Zillow’s new mortgage division experienced better-than-expected customer demand in the first quarter, but it was outweighed by expenses that led to a pretax loss of $9.6 million for the period.

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How to pay your bills with the money you save. Zillow’s new mortgage division experienced better-than-expected customer demand in the first quarter, but it was outweighed by expenses that led to a pretax loss of $9.6 million for the period. Operating expense allocation savings and expense timing shifts into future quarters led to the loss, according to a letter to shareholders accompanying the release.

Zillow Mortgage Unit Takes a Loss as Expenses Outweigh Strong demand national mortgage news, May 10, 2019–Brad Finkelstein (subscription) Zillow’s new mortgage division experienced better-than-expected customer demand in the first quarter, but it was outweighed by expenses that led to a pretax loss of $9.6 million for the period.

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Zillow’s new mortgage division experienced better-than-expected customer demand in the first quarter, but it was outweighed by expenses that led to a pretax loss of $9.6 million for the period. Operating expense allocation savings and expense timing shifts into future quarters led to the loss, according to a letter to shareholders accompanying the release.

Zillow mortgage unit takes a loss as expenses outweigh strong demand Zillow’s mortgage division experienced better customer demand in the first quarter than it expected, but its revenue was outweighed by expenses that led to a pretax loss of $9.6 million.