CUSO LenderClose nominated for two Iowa technology industry awards
DES MOINES, IA (March 11, 2020) — LenderClose announced it has been named a 2020 Prometheus Award finalist for Technology Company of the Year and FinTech Company of the Year. The Prometheus awards are coordinated by the Technology Association of Iowa (TAI). This is the second consecutive year LenderClose has been named a finalist by the Prometheus Awards judges panel.
LenderClose, one of the younger companies to be nominated for this year’s awards, is recognized along with several other well-known Iowa businesses leading advancements in the technology industry.
The nods in the direction of LenderClose for Technology Company of the Year and FinTech Company of the Year come in recognition of the company’s sizable increase in volume, revenue and client growth from 2018 to 2019 and an achievable goal to triple revenue in 2020. Over the last year, LenderClose more than doubled its workforce, going from 15 to 30+ full-time employees. Company leadership says they plan to create another 35 positions at LenderClose in the next 12 months.
In February 2020, LenderClose kicked off the latest round of funding by announcing investments from Ascentra Credit Union and Financial Plus Credit Union to accelerate the impact of CUSO-built lending technology. Investors in the initial round, Collins Community Credit Union and Serve Credit Union will double down on their investments into LenderClose in March 2018.
The CUSO’s plug-and-play solution to the problem of legacy lending technology is a centralized platform integration that reduces, and in some cases, completely eliminates middle-man vendors. Credit unions that leverage the platform report speed, efficiency and borrower experience improvements that give them a competitive edge against megabank and industry disruptors, like Rocket Mortgage and Zillow.
“We are humbled and honored to receive these nominations as they reinforce the LenderClose mission to go beyond technology enablement to provide community lenders the ability to compete and serve the borrower’s need for speed in mortgage and home equity loan approval,” said Omar Jordan, LenderClose founder and CEO.
LenderClose partners, Jordan and Ben Rempe, as well as their fast-growing team, have remained focused on positioning credit unions for competitive dominance in their local markets since the startup was founded in 2015.
Winners will be announced April 9, 2020, at Community Choice Credit Union Convention Center in downtown Des Moines.
About LenderClose Inc
LenderClose is a cloud-native home equity and real estate lending technology platform transforming the lending process by injecting workflows and automation solutions with a best-of-breed partner ecosystem for credit unions and community banks. A feature-rich, multi-solution technology focused on providing lenders with best-in-class user experience. Based in Des Moines, Iowa, the financial technology company has seen rapid market share growth. Learn more about LenderClose at lenderclose.com or via social media on LinkedIn or Twitter.