Zillow taps brakes on big move into mortgages

Just five months ago, Zillow Group announced it was officially entering the mortgage arena with the launch of Zillow Home Loans. Since then, the real estate giant has been working on the development of its own mortgage software, but it seems the platform’s creation is taking longer than expected, with Zillow CEO Rich Barton saying Thursday that the company plans to slow hiring for Zillow Home Loans until the software is officially up and running.