LenderClose Secures Growth Investment

Apr 25, 2018

LenderClose has announced that it has secured the funding it needs to add 25 employees to its ranks. LenderClose’s latest round of funding was led by Next Level Ventures, a venture capital firm that invests in growing companies based in Iowa.

Since its launch in March 2016, LenderClose has added 100 lenders to its client list. February 2018 marked a record month of revenue for the startup, followed by another record month in March. That same month, the startup secured direct investment from two Iowa credit unions, and added Chief Operating Officer Ben Rempe to its team.

“This team has done some pretty impressive things with limited resources,” said Scott Hoekman, Co-Founder and Principal of Next Level Ventures. “This investment is gas in the tank that will allow LenderClose to do much more. LenderClose has a product that works, clients who have validated the solution and a growing team supporting the vision for rapid scale. You put more money alongside that momentum, and you’ve got something pretty exciting.”

LenderClose executives anticipate the platform’s technology will continue to advance over the next 12 to 18 months. Plans include the addition of artificial intelligence capabilities to the platform, as well as a consumer-facing mobile app to give consumers even greater visibility into the lending process as it moves from application to approval.

About the author

NationalMortgageProfessional.com

Link copied

Published

Apr 25, 2018

Tech

AI Replaces Lending Handoffs At Credit Union

MidWest America FCU consolidates point of sale, origination and decisioning into a single AI-powered workflow

Credit unions have spent years digitizing the lending process. Increasingly, they're trying to eliminate the handoffs that slow it down.MidWest America Federal Credit Union has selected Algebrik AI's cloud-native lending platform, Algebrik One, to unify borrower point-of-sal...

C-Suite Strategies

Bed Bath & Beyond Says ROAD Act Supports Its Homeownership Platform Vision

Retailer continues expanding into mortgage, real estate and home services, arguing housing reform aligns with its long-term strategy

Bed Bath & Beyond is doubling down on its ambitions in housing finance, arguing that the 21st Century ROAD to Housing Act reinforces its strategy to build an integrated platform that extends well beyond home furnishings.In a position paper released Monday, Executive Chai...

Aug

Las Vegas, NV

More from

Tech

AI Replaces Lending Handoffs At Credit Union

MidWest America FCU consolidates point of sale, origination and decisioning into a single AI-powered workflow

Tech

Jun 29, 2026

Dovenmuehle Launches New Diagnostic Process To Streamline Servicing Transfers

Mortgage subservicer says early-stage assessment helps lenders identify operational risks, improve onboarding efficiency, and reduce transfer-related delays

Tech

Jun 24, 2026

Blue Sage Expands SageVision, UW Studio, Voice AI Capabilities

Latest updates bring embedded AI automation to lending and servicing workflows

Tech

Jun 18, 2026

Mortgage AI Startup Copperlane Lands $4.1M Seed Round

Startup's AI assistant, Penny, aims to automate document collection, borrower follow-up, and file review before loans reach underwriting

Tech

Jun 18, 2026

Pennymac Expands AWS Partnership To Deploy AI Borrower Assistant

Lender says conversational AI will support borrower outreach and application workflows while accelerating cloud modernization of Plaisse