This startup operates a marketplace for mortgages that connects investors directly with whole loan lenders, enabling investment in high-quality mortgages tailored to investor specifications. By providing full transparency, advanced analytics, and eliminating securitization costs, the platform offers better pricing for borrowers and higher returns with lower risk for investors.
Funding
$10.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CBGIFounders
Product
Problem
Mortgage investors and originators face challenges in directly connecting with each other, leading to inefficiencies, increased costs, and limited access to diverse mortgage products and liquidity options. Traditional methods often involve intermediaries and securitization, which can reduce returns for investors and increase costs for borrowers.
Solution
HomeLend provides a technology-driven platform that directly connects mortgage investors and originators, streamlining the buying and selling of whole loan mortgages. The platform offers a comprehensive infrastructure for direct mortgage investing, enabling investors to customize their investment criteria and workflows. For originators, HomeLend provides a single point of access to a broad network of investors and liquidity avenues, enhancing their offering and providing more eligibility and pricing options for borrowers. By removing capital barriers and applying intelligent pricing engines, HomeLend facilitates efficient transactions and better economics for all participants.
Target Audience
HomeLend targets mortgage investors such as money managers, insurance companies, pension funds, hedge funds, and global investors, as well as mortgage originators including independent mortgage banks, banks, credit unions, and correspondent lenders.
Features
- Direct Investment Platform: A plug-and-play infrastructure for direct mortgage investing, customizable to specific investment strategies and workflows.
- BulkHub: A liquidity center for mortgage pools (bid tapes), sourcing from a broad network of sellers with pre-screening and tabulation.
- HomeLend Direct: Enables investors to launch flow investment programs and enhances the sophistication of rate sheets.
- Transaction Facilitation: Complete execution of mortgage pool purchases, including loan data capture, imaging, and data verification.
- Mortgage Products: Facilitates the purchase and sale of various mortgage products, including Non-QM, Business Purpose, 2nd Liens, Jumbo, and Agency Eligible mortgages.
- Seller Portal: Provides a pricing engine and lock execution capabilities for mortgage sellers.