Los Angeles-based Privlo announced its launch into California to cater to the state’s growing self-employed workforce. Privlo launched in 2011 and is a non-Qualified Mortgage startup backed by Spark Capital and QED investors.  

The lender is currently active in 8 states, but plans to be live in 21 states by the end of the year.

Privlo’s mortgage platform takes in a wider range of credit criteria and unique documentation than traditional lenders to assess high quality borrowers with complicated incomes or financial histories.

“We retain lifetime interest in every loan we make so we’re still quite selective. When we look past things like uneven income, we’re finding really qualified people, some even with credit scores in the high 700s with great financial capability,” said Privlo Founder and CEO Michael Slavin.

“What we’re doing is more of a mind shift if you think about it. If you live here in California, you’re probably blazing your own path in one way or another. Traditional careers are becoming a thing of the past and we believe in embracing people and their entire financial picture, however complex it is, rather than devaluing their true financial ability,” he added.