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Exclusive: Wealthfront takes mortgage push into California, its largest market By Investing.com
Wealthfront Corporation is expanding its mortgage business, Wealthfront Home Lending, into California, its biggest client market, alongside Colorado and Texas. The company aims to offer rates significantly below the national average by using software to reduce underwriting costs. This expansion specifically targets borrowers with restricted stock unit income, a segment prevalent in California that traditional underwriting struggles with.