LendingHome uses proprietary, tech-enabled credit models to review a fix-and-flip project’s viability and shares the findings with real estate investors who are applying for a loan. Co-founder and CEO Matt Humphrey explained that the company takes as much pride in saying no to a loan as when it says yes in order to protect real estate investors from a bad outcome. LendingHome provides clear, upfront pricing to borrowers within minutes and closes loans within days.
- More than 23,000 homes financed
- Achieved a 65% reduction in delinquencies from 2018 to 2019
- More than $5 billion loans originated in five years