LendingHome is an online mortgage marketplace for real estate loan borrowers, investors, and brokers. The company offers bridge loans, rental loans, and consumer mortgage loans, and allows both institutional investors and accredited retail investors to invest in its platform. It helps retail investors to access LendingHome’s marketplace with a minimum opening balance of $50,000 and a minimum investment of $5,000. Recently, LendingHome was selected for the 2019 Forbes FinTech 50 startups list.
PRODUCTS & SERVICES:
LendingHome Mortage Process: Uses the latest technology to make the traditional mortgage process simple, fast, and reliable.
Viewable by subscribers only
Retail investors, borrowers, and institutional investors.
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.
James Herbert, Matt Humphrey
Board Members and Advisors:
Meyer Malka, Charles Moldow, Aaron Batalion
NUMBER OF EMPLOYEES:
Fabrice Grinda, Foundation Capital, Jose Marin, Renren Inc., Ribbit Capital, Cowboy Ventures, SAB Capital, Colony Capital, Jared Kopf, and Aaron Batalion.
VALUATION / MARKET CAP:
$1 Billion in 2018
According to third-party data sources, the company's valuation is at $1 billion. (Mar. 2018)
To date, the company has funded over $3.5 billion in loans and financed 15k homes. (Feb. 2019)
DATE OF LAST FUNDING:
$11.3 Millions Closed: Nov 2013
$28 Millions Closed: Aug 2014
$126.6 Millions Closed: Oct 2017
xdlhrmqscnn yspqplfwxjripiw xtryebbsdosalwClosed: Mar 2018