Just to be clear here, there is no Costco Mortgage.So what’s the deal here? Why did Costco get into mortgages? Could it really be that profitable? Costco Is Marketing Mortgages, Not Actually Making Them Now known as “The Mortgage Program,” their lending partners have funded nearly 200,000 mortgages worth more than $51 billion.Ĭostco already offers all types of insurance, a co-branded credit card, RV and boat loans, food and drink, jewelry, electronics, not to mention gigantic tubs of mayonnaise.
Costco, the well-known mega wholesaler that runs a chain of membership warehouses internationally, rolled out it’s so-called “Mortgage Services” back in 2011.
