Online Mortgage Lender Lands $160M In Funding

Law360 (August 19, 2019, 12:56 PM EDT) -- Digital mortgage startup said Monday it had raised $160 million in a Series C funding round, with backers including Activant Capital, Citi and American Express Ventures.

The close of this latest round brings’s total funding to $254 million, the announcement said. The fintech startup aims to digitize and streamline the mortgage process and currently funds $375 million in mortgages a month, according to the statement. The company’s website touts a commission-free experience with fewer “unnecessary” steps and more online options, such as eSigned documents and no in-person appointments.

The latest funds will go toward product development and growing the...

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