LenderClose Receives $10 Million in Series B Funding

LenderClose, an Iowa-based real estate and home equity lending technology company, has received $10 million in a Series B funding round. This funding will help the company focus on growth following rapid growing interest from credit unions and community banks. 

LenderClose recently released an automated loan processing solution, HEX – Home Equity Express. They want to use technology to increase the speed and efficiency of lending processes. HEx equips credit unions with innovative workflows and process automation, so that employees can process loans at a pace customer’s expect. The new funding will help advance this into a comprehensive lending solution, with a fully integrated lending process.

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