Smart Money VCs including Lightspeed Venture Partners, Redpoint Ventures, Andreessen Horowitz, and others have placed bets in the mortgage tech space.

Mortgages are a highly regulated product, and since the Great Recession, a slew of companies have launched that use technology to either simplify or compliment the complicated and arduous mortgage process. The mortgage tech industry includes incumbents like Quicken Loans, as well as unicorns like SoFi, which began providing mortgage loans in 2015.

To better understand the startups in the nascent but growing mortgage tech space, we used the CB Insights database to identify 25 startups transforming the mortgage industry. Companies in our mortgage tech market map span workflow tools that help process loans faster, marketplace lenders, direct-to-consumer digital lenders, analytics tools on loan performance and credit scoring, mortgage brokers, and auction sites.

Webinar: Real Estate Tech
This webinar will highlights emerging real estate tech categories like property management software, investment/crowdfunding platforms, and data analytics.

This market map is not meant to be exhaustive of companies in the space. Graphic includes private, active companies only. Click to enlarge. GRAPHIC_MortgageTech_12.2016 Mortgage Processing/Workflow Software: Companies here enable lenders to improve their workflow by helping them organize and track documents in the mortgage process. The most well-funded company in the category is Blend Labs which has raised roughly $42.5M in disclosed funding from investors like Lightspeed Venture Partners, 8VC, and Founders Fund, among others.

Marketplace Lending: The startups in this category include lending unicorn SoFi, which began as a student loan-focused marketplace but has since expanded to mortgages. SoFi has raised more than $1.6B in disclosed funding from investors like SoftBank Group and Renren Lianhe Holdings, among many others.

Digital Lenders: Companies include Better Mortgage which acts as a direct lender to consumers looking to access mortgage loans. Better Mortgage has raised roughly $30M in funding from investors like IA Ventures and Goldman Sachs, among others.

Digital Mortgage Broker: The category is comprised of companies that connect consumers to the best mortgage possible by assessing various characteristics of the consumer. The digital brokers are able to surface the loans by connecting with a variety of lenders. Habito, which raised roughly $2.2M in funding from Mosaic Ventures and Yuri Milner, is one of the six companies in the category.

Analytics: The section includes companies that provide loan performance analytics as well as credit scoring tools. LoanLogics is one of the companies in the category and raised $10M in growth equity from Blue Cloud Ventures and Volition Capital in March 2016.

Mortgage Auction Site: Mortgage auction site Loan Dolphin, a platform where banks and brokers compete to provide the best loan, has raised $920K in financing from H2 Ventures and Barry Lambert.


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Mortgage Tech

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Mortgage Tech Company List
Company Category Select Investors
Habito Digital Mortgage Broker Mosaic Ventures and Yuri Milner
Trussle Digital Mortgage Broker Entrepreneur First, LocalGlobe, Seedcamp, and Zoopla
Morty Digital Mortgage Broker Barclays Accelerator
uno Digital Mortgage Broker Westpac Group
Sindeo Digital Mortgage Broker New Ground Ventures and Renren Lianhe Holdings
Lenda Digital Mortgage Broker 500 Startups, China Growth Capital, Rubicon Venture Capital, Structure Capital, and Winklevoss Capital
Blend Labs Mortgage Processing/Workflow Software 8VC, Allen & Company, Andreessen Horowitz, Conversion Capital, Founders Fund, Initialized Capital, Lightspeed Venture Partners, Thrive Capital, and SV Angel
Wisor Mortgage Processing/Workflow Software Barclays Accelerator
Cloudvirga Mortgage Processing/Workflow Software Dallas Capital Management and Upfront Ventures
Roostify Mortgage Processing/Workflow Software Colchis Capital and Wells Fargo Startup Accelerator
Maxwell Mortgage Processing/Workflow Software 10K Investments, Cantos Ventures, MATH Venture Partners, Sovereign’s Capital, Techstars Ventures, and Zelkova Ventures
Lenovium Mortgage Processing/Workflow Software Nordea Startup Accelerator
MortgageHippo Mortgage Processing/Workflow Software Socialatom Group
LendSnap Mortgage Processing/Workflow Software Alchemist Accelerator and Y Combinator
loanDepot.com Digital Mortgage Lender Parthenon Capital Partners
LendInvest Digital Mortgage Lender Atomico, Kunlun Worldwide, and Macquarie Group
Better Mortgage Digital Mortgage Lender 1/0 Capital, Goldman Sachs, IA Ventures, KCK Group, Moderne Ventures, and Pine Brook
Clara Digital Mortgage Lender Redpoint Ventures, Slow Ventures, and Venrock
Eave Digital Mortgage Lender Bessemer Venture Partners, Cue Ball Capital, and MetaProp
LendingHome Marketplace Lending Cowboy Ventures, Foundation Capital, Renren Lianhe Holdings, and Ribbit Capital
SoFi Marketplace Lending SoftBank Group and Renren Lianhe Holdings
Landbay Marketplace Lending Omni Partners and Zoopla
LoanLogics Analytics Ben Franklin Technology Partners, Blue Cloud Ventures, Glenville Capital Partners, Mid-Atlantic Angel Group, Robin Hood Ventures, and Volition Capital
Credit Sesame Analytics Camp One Ventures, Globespan Capital Partners, IA Capital Group, Inventus Capital Partners, Menlo Ventures, Plug and Play Ventures, and Syncora Alternative Investments
Loan Dolphin Mortgage Auction Barry Lambert and H2 Ventures

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