Brendan McKay of BAC revealed the main takeaways in a LinkedIn post
Loan Factory, Inc.
Loan Factory is a rapidly growing mortgage fintech that brings together loan officers, consumers, and lenders on a unified platform. By developing proprietary technology, Loan Factory tackles two major challenges in the mortgage industry: trust and complexity. Their solutions streamline the mortgage process, making it automated, transparent, and user-friendly for all parties involved.
Loan Factory is the most trusted company, with over 6,000 5-star Google Reviews. It is the best mortgage platform for loan officers, offering a flat fee per loan model with no monthly or technology fees. Loan Factory provides extensive support to loan officers, including marketing and underwriting assistance.
Loan Factory builds its own proprietary technology on an all-in-one platform that includes LOS, POS, CRM, marketing, and a pricing engine. Led by Thuan Nguyen, the company has transformed from a small broker to a fintech startup with the most popular mortgage platform, MOSO.com. With over 170 lenders, Loan Factory offers various products to consumers, such as private money loans, land loans, mobile home loans, commercial loans, and non-QM loans.
Clients are in the driver's seat and have control over their loan processes, while loan officers serve as advisors. On average, the company closes loans within 21 days. Loan Factory even guarantees the lowest rates in select states such as California, Texas, Washington, Arizona, Georgia, and Colorado, or clients receive $1,000 back. The consumer-facing pricing engine has been a significant success, particularly among younger consumers.
Area Of Focus:
Marketplace, Wholesale, FinTech, Consumer Direct, Technology, Disrupt
States Licensed:
AL AK AZ AR CA CO DC DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY
Location
2195 Tully Road
SAN JOSE, CA 95122
United States
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