CMFG Ventures LLC announced Tuesday that it has invested in a Chicago startup company that provides online mortgage origination systems to lenders. The venture capital entity of CUNA Mutual Group led the extension for MortgageHippo Inc.'s seed round of approximately $2.25 million. MortgageHippo provides a digital mortgage platform designed to guide consumers through the mortgage origination process.
Factual Data, one of the nation's premier providers of credit and data validation services to the mortgage lending industry, is teaming with MortgageHippo to provide a modern approach to the digital mortgage process.
MortgageHippo has partnered with Optimal Blue to help clients deliver a wholly transparent borrower experience with accurate loan programs and rates in real-time using the Optimal Blue API. This enterprise integration allows MortgageHippo clients to customize their own pricing configurations seamlessly for the benefit of borrowers through the Optimal Blue platform.
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.
NAMB+ Inc., the for-profit marketing and communications subsidiary of NAMB\u2014The Association of Mortgage Professionals, has announced its latest Endorsed Provider, digital mortgage platform MortgageHippo.
"Definitely shop around," says Valentin Saportas, CEO and co-founder of MortgageHippo, a Chicago-based online mortgage application service that links buyers with mortgage brokers. "Don't just go with the first option that you get. Being able to save even a little bit of money in your monthly payment definitely adds up."
MortgageHippo announced a new dashboard that streamlines the mortgage process for the homebuyer and the loan officer. With the new Advanced Loan Closing Plan, MortgageHippo builds upon its mission to create an innovative, uncomplicated, and transparent process for today's tech-savvy homebuyer.
The mortgage process can be confusing to navigate, especially for first-time homebuyers. Mortgage Hippo is a website that organizes and explains the process, preparing you for the experience of buying your first home.