Inscrição YC de Lendsnap
Lendsnap passou pela Y Combinator no batch Summer 2016 como uma empresa Fintech. Abaixo: o que a empresa faz, quem a fundou e sua inscrição para a YC, reconstruída pergunta por pergunta no formulário real da YC.
- Batch YC
- Summer 2016
- Indústria
- FintechBanking and Exchange
- Status
- Inactive
- Lançada
- 2016
Fundadores
Orion ParrottFounder/Founding CEO
Mike RomanoFounder/| Vice President of Business Development
O que Lendsnap faz
The Digital Mortgage Company Lenders will write $1.5T of home mortgages in 2017, and will have to evaluate every single borrower's ability to repay. This is expected to cost the industry $15B in human labor. We talked to these humans, and learned that they spend 1/3 of their time just asking other humans for documents and data that are almost universally available online. While the market is slowly moving to transactional data, Lendsnap is the only company helping lenders get ahead of the competition by delivering original electronic documents and data sets. That means portfolios of our lender customers stay completely liquid in the secondary market. No one else can offer that today. Lendsnap instantly gathers the original borrower documents and data for lenders by linking to consumer financial accounts. We increase loan origination team productivity by 25%+ and save applicants several hours on each application as well. Our intuitive and easy-to-use workflow makes it easy and safe for borrowers to turn in and for loan officers to receive the necessary documents for lenders to make a credit decision. As the only company delivering the right documents and data to originate non-agency loans such as VA, FHA, and subprime, we are able to work with all types of lenders. Furthermore, we are uniquely suited to serve mortgage brokers (12% market share) who have to remain flexible to the credit needs of their diverse borrowers. We are the only post-launch company that delivers actual electronic statements straight from source institutions, such as Bank of America, TurboTax, Chase, and hundreds more.
Inscrição YC de Lendsnap, reconstruída
Inscrição Y Combinator
Lendsnap, lote Summer 2016. As verdadeiras perguntas do formulário, respondidas com dados públicos.
- Founders2
- Company7
- Progress7
- Idea4
- Equity3
- Curious2
- Batch Preference1
Company
Lendsnap
The Digital Mortgage Company
We build a platform that directly connects lenders to original borrower documents and financial data by linking to consumer financial accounts. Our product lets loan officers quickly and securely collect necessary information without chasing paper, saving time and increasing productivity. This is tailored for mortgage brokers and non-agency lenders who need actual electronic statements from source institutions like Bank of America and TurboTax.
We live in Berkeley, CA and plan to keep the company here after YC.
We are based in Berkeley because it gives us access to technical talent and proximity to the Bay Area fintech ecosystem, which helps us understand and serve mortgage lenders better.
21 respostas a mais na inscrição completa
Founders, Progress, Idea, Equity, Curious, Batch Preference estão na versão completa. Crie uma conta gratuita para abri-la no YC Insights, ao lado de todos os outros batches da YC.
Perguntas Frequentes
Esta é a inscrição real da YC de Lendsnap?
Não. A Y Combinator mantém as inscrições submetidas em privado. Esta é uma reconstrução: as perguntas reais do formulário da YC, respondidas a partir dos dados públicos de Lendsnap (notas de lançamento, históricos de fundadores, descrição do produto). Mostra como uma empresa como Lendsnap se apresentaria à YC, não o texto que eles submeteram.
Em qual batch da YC Lendsnap esteve?
Lendsnap fez parte do batch Summer 2016 da Y Combinator.
Quem fundou o Lendsnap?
O Lendsnap foi fundado por Orion Parrott, Mike Romano.
O que o Lendsnap faz?
The Digital Mortgage Company.
Como eu leio o application completo reconstruído?
Crie uma conta gratuita no Round Funded. A versão completa de 26 respostas do application do Lendsnap, e de todos os outros lotes do YC, está no YC Insights.
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