MortgageHippo raises $2.25M to help lenders give you a mortgage online
MortgageHippo, a mortgage-technology startup based in Chicago, has raised about $2.25 million in seed funding, the company announced Tuesday.
The company was founded in 2013 as a consumer-focused online mortgage broker. Today, it offers the service as a white-label software platform for lenders who don’t have the resources to build a platform for themselves.
“There’s so much momentum in the mortgage industry with new technology coming in, we want to be at the forefront,” said MortgageHippo co-founder and CEO Valentin Saportas, noting that leading online lender Quicken Loans built its own digital mortgage platform. “It’s putting pressure on every mortgage lender in the country. We’re bridging the technology gap to lenders.”
The funding will go primarily growing MortgageHippo's team, mainly in sales and technology development, Saportas said. He expects to add five employees immediately and possibly more later this year. The company currently has eight employees and operates out of Catapult in Chicago.
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http://www.chicagotribune.com/bluesk...418-story.html
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