LenderClose Expands and Moves to New Location

Sep 11, 2019

Fintech startup LenderClose is expanding to a new 12,000-square-foot location in West Des Moines, Iowa. The company expects to end the year with more than 200 credit union and community bank clients using its digital lending platform, designed to create a significantly faster and more efficient real estate loan process.

LenderClose employees–which now number 30 and are projected to double in the next 18 months–will have access to office amenities that include a gym and showers, break room, collaboration corners, and in keeping with LenderClose’s startup roots, a ping-pong table and kegerator.

“We thought it would take us two to three years to fill our old space, but in just over a year, we were running out of room,” said LenderClose Founder and CEO Omar Jordan. “We plan to maintain this momentum through 2020, and I’m confident we will because of the incredible effort by our team. This move is about creating an environment we all love to work and have fun in every day.”

Jordan said the positive client response to LenderClose’s technology has been exciting, but not surprising, because of the platform’s ease of use.

“Our onboarding process takes less than 20 minutes, which is rare in today’s high-tech environment where integration often bottlenecks speed-to-value,” Jordan said. “We have an incredible community of entrepreneurs, investors, mentors and even legislators rooting for our success. The resources for tech startups in Iowa are second to none.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Sep 11, 2019

Industry News

Newfi And Addy AI Announce Partnership

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending.Newfi has built innovative lending products and a modern approach to the mortgage market. As the industry evolves, the company continues to exp...

Analysis and Data

Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Homebuyers are putting less money down than they were a year ago, another sign that increased inventory and greater negotiating room are changing the purchase market.The typical down payment fell to $27,100 in the second quarter of 2026, the lowest second-quarter dollar amou...

Nov

Houston, TX

More from

Industry News

CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News

Sep 23, 2026

Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News

Sep 23, 2026

Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies

Sep 23, 2026

Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

Regulation and Compliance

Sep 22, 2026

MPF Expands Eligibility For Manufactured And Renovation Loans

The Mortgage Partnership Finance Program has expanded MPF Traditional eligibility for affordable loans, manufactured homes, renovations, and lender-funded assistance

Industry News

Sep 22, 2026