• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    9 Sep, 2019

Description

FOCUS

PRODUCTS & SERVICES:
LendingHome Mortage Process: Uses the latest technology to make the traditional mortgage process simple, fast, and reliable.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail investors, borrowers, and institutional investors.
COMMENT
The highly automated system leverages technology and data to design a loan which can provide better ROI. And the entire loan process is online and the processing cost is around one-third of banks.

PEOPLE

FOUNDERS:
James Herbert, Matt Humphrey
Board Members and Advisors:
Meyer Malka, Charles Moldow, Aaron Batalion
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Fabrice Grinda, Foundation Capital, Jose Marin, Renren Inc., Ribbit Capital, Cowboy Ventures, SAB Capital, Colony Capital, Jared Kopf, and Aaron Batalion.

TRACTION

VALUATION / MARKET CAP:
$1 Billion in 2018
VALUATION COMMENT
According to third-party data sources, the company's valuation is at $1 billion. (Mar. 2018)
TRANSACTIONS VALUE:
$3.5 Billions
TRANSACTIONS COMMENT:
To date, the company has funded over $3.5 billion in loans and financed 15k homes. (Feb. 2019)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$166.3 Millions
DATE OF LAST FUNDING:
Mar 2018
FUNDING SERIES:
SERIES A
$11.3 Millions Closed: Nov 2013
SERIES B
$28 Millions Closed: Aug 2014
SERIES C
$127 Million Closed: Oct 2017
SERIES D
tubusbhamb Closed: Mar 2018
COMMENTS
SERIES D : Undisclosed amount
LISTED:
NO

LATEST RESEARCH