Solving the Post-Close Challenge with Intelligent Automation

Join our upcoming webinar as SoftWorks AI CEO and Avanze CEO explore the advances in tech that allow for greater levels of automation and cost reduction, especially in support of post-close and pre-fund review.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

The 100-years-war over real estate commissions

HousingWire plunges down the rabbit hole of residential real estate commissions, uncovering the past, present and future of this wholly unique part of the economy.

How borrower education can make housing more attainable

The current housing market is making it difficult for prospective buyers to afford a home. Housing professionals need to find ways to better meet buyer needs.

FintechMortgage

LendingHome passes $3 billion in mortgage loans

Took the company only eight months to achieve its 3rd billion

Housing affordability continues to trouble the industry, forcing some companies to either shrink in size or close their doors, but not 2018 HousingWire Tech100 winner LendingHome.

The rapidly growing mortgage marketplace lender, recently announced another company record.

Get this, it originated more than $3 billion in total mortgage loans for property investors and homeowners in just four years, lending its most recent billion in only eight months.

This unprecedented pace is 33% faster than the second billion and 375% faster than what it took them to lend the first billion.

Notably, Lendinghome also funded the purchase of more than 14,000 houses and brought investors back over $1.6 billion in principal and more than $133 million in interest.

LendingHome Co-founder and CEO Matt Humphrey stated he is proud of the work his company is doing to encourage the growth of the market.

“LendingHome’s goal is to radically improve every aspect of the mortgage process for customers who simply want and need a better way to get a home loan,” Humphrey said. “The solution we provide has profoundly resonated with the fix and flip industry. This segment of the mortgage market recently accounted for almost 7%* of all homes sold, and we are proud to be a trusted partner helping fuel that growth.

Humphrey stated Lending home capitalized on the lack of loan products provided from banks for property investors.

“Banks were never an option; they are too entrenched in 30-year mortgages to create a specialty loan product for property investors,” Humphrey stated. “So, we seized upon that opportunity and created loans with reliable terms, transparency, and online access. Today flippers don’t need to know someone rich. They just need to visit our website.”

HousingWire Tech100 winners are chosen based on their innovativeness and ability to deliver results. LendingHome, today, proves they are more than worthy of this title.

Most Popular Articles

Biden’s $15K first-time homebuyer tax credit now a bill

President Joe Biden called for a $15,000 tax credit for first-time homebuyers, and Congress has answered his call with a bill.

Apr 26, 2021 By

Latest Articles

What a dismal jobs report means for the housing market

April’s U.S. jobs report on Friday was dismal at just 266,000 new jobs, but economists say they’re not worried about the housing or mortgage market. HW+ Premium Content

May 07, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please