Accept.inc (formerly BoardRE)

Accept.inc, previously known as BoardRE, pioneered a novel approach to the mortgage industry by acting as an intermediary buyer in real estate transactions. Instead of sellers and agents dealing directly with the buyer, they interacted with Accept.inc, streamlining the process. The company utilized its own capital to purchase homes for the majority of homebuyers who required and qualified for a mortgage. By removing the traditional lender bottleneck, Accept.inc enabled sellers and agents to expedite closings to as little as 2-3 days. This also allowed buyers to secure their desired homes at optimal prices before finalizing their mortgage arrangements.

Accept.inc's "Buy Now. Mortgage Later" model aimed to provide all parties with the advantages of an all-cash transaction. This differentiated them from typical iBuyers like Opendoor and OfferPad, who primarily focused on acquiring, renovating, and reselling properties. Accept.inc collaborated directly with national lenders to pre-evaluate buyer creditworthiness and employed a short-term credit facility to facilitate home purchases.