Redfin is launching a mortgage banking subsidiary that will lend to the company's real estate customers, as part of an effort to provide end-to-end home-buying services.

Redfin Mortgage will begin issuing loans in the first half of 2017 and will initially serve consumers in the Austin, Dallas, Houston and San Antonio markets, the Seattle-based real estate brokerage said Thursday. The company has hired Jason Bateman, the former BBVA Compass executive vice president of mortgage operations, to run Redfin's mortgage operation from a Dallas-based office.

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