Check out the most recent LenderClose updates in the article previews below.
LenderClose, a fintech engaged in providing technology solutions to lending institutions, has launched Home Equity Express (HEx), a cloud-native technology for placement of collateral verification data and reports through an intelligent, automated workflow, reducing the time it takes credit unions and community banks to process a home equity loan. With HEx, lenders can spend significantly less time per file, with some existing clients reporting their origination time has reduced by nearly 60%.
LenderClose Awarded 2021 HW Tech100 Mortgage Winner
The rising Des Moines-based fintech company, LenderClose, was chosen as a 2021 HW Tech100 Mortgage winner. In a pool of hundreds of nominees, LenderClose was selected as one of the top 100 “innovative and impactful technology companies serving the mortgage industry.”
The technology is being used by credit unions, community banks and can be used by independent mortgage lenders as well.
LenderClose Completes $10 Million Series B Round
LenderClose, a real estate and home equity lending technology platform, has received a Series B funding round of $10 million in new capital. The investment comes from Next Level Ventures (VC Firm), Ardent Credit Union (Pa.), Strata Credit Union (Calif.), Tucson Federal Credit Union (Ariz.), Collins Community Credit Union (Iowa), Financial Plus Credit Union (Iowa), Serve Credit Union (Iowa) and Ascentra Credit Union (Iowa).
The Series B provides the funding required to focus on the company’s growth. LenderClose has experienced a rapid demand for its technology and innovative solutions, onboarding nearly 300 credit unions and community banks since its Series A in March 2018.
LenderClose Recognized As 2021 Best Tech Startup in Iowa
For the third year in a row, the Tech Tribune recognizes LenderClose as a 2021 Best Tech Startup in Iowa.
The Tech Tribune staff has compiled the very best tech startups in Iowa. In doing their research, they considered several factors including but not limited to:
• Revenue potential
• Leadership team
• Brand/product traction
• Competitive landscape
Team Member Spotlight - Meet Eric Ludwig
LenderClose team members come from many different backgrounds and constantly find ways to spark greatness. The Team Member Spotlight series highlights one of our team members each month. This month, the spotlight is on Eric Ludwig, VP of Client Relations, who has been at LenderClose since January 2021.