Former football star Casey Crawford has a new career in housing. The Super Bowl XXXVII champ joined the FOX Business Networkâ€™s Maria Bartiromo to discuss how heâ€™s cashing in on a booming real estate business.
After retiring from the Tampa Bay Buccaneers, Crawford launched Movement Mortgage at the height of the collapse of the housing market.
â€œI think in 2008 what was needed in the United States was a new fresh take on mortgages. The biggest providers in the U.S. were collapsingâ€¦and regulation was being put on the industry like never beforeâ€¦but people still wanted to buy homes,â€ he said.
Crawford said he got involved in real estate while he was playing.
â€œI can tell you in the NFL at the time, a lot of the locker room talk was about housing and real estate. I think our now President-elect Donald Trump once said, the only bad investment in real estate was the one you didnâ€™t make. That wisdom was being passed in the locker room,â€ he said.
Crawford said his company targets Millennials and aims to make the home buying process smooth and easy.
â€œWhat weâ€™ve seen, unfortunately with regulation in the last eight years, is that itâ€™s gotten costly and more cumbersome for most banks to deliver mortgages. Weâ€™re able to underwrite and process about 75% of our mortgages inside of seven business days because we use technology, working with the current regulations to keep that home-buying process as smooth as possible,â€ he said.
Crawford said the company is also the only lender with a mobile and digital application.
â€œWe work with a Peter Thiel-backed fin-tech company, a best in class provider, to provide an incredible easy app for borrowers to be able to apply online and on their phoneâ€¦we are finding that the mobile and digital applications is democratizing the application process,â€ he said.