Buying a home in the digital age requires weeks of navigating the mortgage maze. These tech-savvy entrepreneurs speed things up—but should they?
In 2007, Jason van den Brand was running his own mortgage brokerage in San Francisco. For a 27-year-old from Levittown, Pennsylvania, it was heady but precarious stuff: He oversaw 20 employees in a big office in Lower Haight, closing hundreds of millions of dollars of deals at the height of the real estate boom. Every day, van den Brand and his team cold-called hundreds of leads, and every day, he counseled borrowers frustrated by a never-ending list of required documents.
“I was a glorified telemarketer and a therapist guiding people through the American nightmare,” he says, recalling the housing collapse. “The system was so broken that everything felt hopeless.”
By the time it all went bust, van den Brand had sold that company, created a smaller successor he could run remotely, and started traveling around the world. Then he worked at a travel startup that sold to Living Social, and contemplated medical school. But the prospect of racking up $200,000 in student debt I was pretty un appealing—and van den Brand couldn't stop thinking about all those broken parts of the housing market. Eventually, he decided to try to fix them.
In 2013 in San Francisco, he launched Lenda to let people refinance a home loan entirely online, in a fraction of the time required by the traditional process. Last year, Lenda began originating mortgages online, and it now makes loans in 12 states. By using a digital process, van den Brand claims to have eliminated the telemarketing calls, high fees, and endless waiting that lead young would-be home buyers to wonder whether renting for another year isn’t so bad.
この記事は Inc. の June 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Inc. の June 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
A Bankable Pet Project - How Moonshots Capital helped eTailPet scale up and attract a buyer in just three years.
Berenice Giannini's startup, eTailPet, wasn't a natural fit for Moonshots Capital. The Austin-based venture firm, launched in 2014 by Kelly Perdew and Craig Cummings, both of whom had previously served in the U.S. Army, frequently backs companies founded by military veterans.
Backers Should Have Your Back - The best capital provider for your business will offer a helping hand, not just deep pockets.
Three years ago, U.S. entrepreneurs were enjoying one of the best funding environments in decades. Venture capital and private equity hit all-time highs as banks loaned at historically low interest rates. All you needed to get a term sheet, it seemed, was a smile and a pitch deck.
Lift Off - Would you pay $50,000 to touch the edge of space?
Would you pay $50,000 to touch the edge of space? Meet the entrepreneurs providing a rarified clientele with a luxurious, once-in-a-lifetime journey.So you want to go to space. To take in the expansive curvature of the Earth glowing miles above the atmosphere, surrounded by pure darkness. To experience the mind-altering overview effect described by astronauts as a transcendent state of awe, staring back at the planet on which you've inhaled your every living breath.
There Will Always be Those Who Doubt You and Your Vision. Here's How to Tune Them Out. - Recently, I invited an experienced luxury hotelier to visit the new campus we were building near Santa Fe for Modern Elder Academy,
Recently, I invited an experienced luxury hotelier to visit the new campus we were building near Santa Fe for Modern Elder Academy, the midlife wisdom school I co-founded in 2018.
A Scientific Discovery that Unlocks Your Body's Healing Power
The founder of Stemregen, a company that creates powerful supplements that stimulate the body's natural repair system, explains how a \"fringe idea\" opened up a new world of stem cell therapy.
Transformative Growth: Agency Masters the Art of Evolution
As a destination marketer, Awestruck has mapped out a journey to success by constantly developing its services and its staff.
For the Love of the Restaurant Experience
The founder and CEO of DJB Hospitality shares his passion for the challenging and uniquely rewarding hospitality industry.
Custom PEO Solutions for Blue-Collar Industries
COMPEO is an HR management solutions provider with a jaw-dropping five-figure growth rate.
Homebuying Was BrokenMeet the Founders Here to Fix It
Cecilian Partners is a fast-growing technology firm providing end-to-end solutions for production homebuilders and land developers.
A Focus on Complete Solutions for Regulatory Environments
The Northcross Group develops sustainable processes for clients with compliance needs.