Lenda (formerly Gorefi) is an online platform that enables individuals to refinance their home loans online. At recently the company has expanded operations to four states in the US such as Illinois, Pennsylvania, Michigan, and Arizona.
PRODUCTS & SERVICES:
Online Home Refinancing.
Helps individuals to avoid hefty commission charged by brokers and steep margins charged by financial institutions.
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Refinancing mortgages and online retailers
Lenda claims that it can close loans in 17 days, nearly 3.5 times faster than the industry average of nearly two months by using proprietary technology to evaluate loan applications quickly.
The company uses an automated algorithm which helps the home buyers with suitable loans using details like credit scores, current mortgage and the estimated value of the home. Online tools such as real-time rate quotes, e-signature platforms for paperwork, and secure document upload portals allow users to breeze through the process without telemarketing or excessive paperwork.