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Check out the most recent LenderClose updates in the article previews below.

LenderClose Named Finalist of TAI Prometheus Award

LenderClose, a real estate and home equity lending technology platform, has been named a 2021 finalist of the Prometheus Award sponsored by the Technology Association of Iowa (TAI). This is the third year the fintech firm has garnered the honor, recognizing the company’s growth and continued strides in developing technology to improve real estate lending. 

LenderClose is a finalist in the FinTech & InsurTech Company of the Year category. The winners will be named Nov. 4, 2021. 

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Team Member Spotlight – Fabio Rivas

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 Fabio Rivas, newly promoted AVP of Client Relations, who has been at LenderClose since May 2021.

LenderClose Expands Office Space to Accommodate Growth

LenderClose, a real estate and home equity lending technology platform, expanded its headquarters to accommodate current and future growth. By increasing the size of the current workplace, the lending platform provider will grow floor space and capacity while prioritizing collaborative workspaces.

“LenderClose has seen significant growth, both in the number of clients we serve and in our internal team, since we were founded in 2015,” said Allen Jingst, LenderClose CRO. “From two staff members in a shared workspace to now, we have relentlessly executed our plan for physical expansion as well as the expansion of our platform offerings and client relationships.”

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Streamlining the Home Equity Lending Process with Technology

No matter what the status of the market is, it is always a good time for credit unions to expand their offerings to include home equity loans to create a balanced portfolio of different types of loans. The lack of housing stock and high prices for the homes that are on the market have decreased home sales, and this makes home equity loans even more attractive to homeowners.

Credit unions can tap into that market of homeowners who are turning to option B to get the home they want – a home equity loan for renovations. The key for credit unions to make this a successful endeavor is using technology to streamline the process.

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