StreamLoan, a San Francisco, CA-based fintech company, secured $2M in seed funding.
Investors include (among others):
– Acorn Pacific Ventures
– Whitespace Capital, LPs include executives from Facebook and Apple
– Steve Weston, former CEO Barclays Mortgage Bank
– Rajiv Krishnarao, Director of Finance at Uber, formerly of Sequoia Capital
The company intends to use the funds to continue to develop its platform.
Led by CEO and co-founder Stephen Bulfer, StreamLoan provides a mobile-first mortgage solution that takes borrowers from point of intent, to purchase, through close, while reducing transaction time by speeding all the steps in the process. This is accomplished by streamlining manual and offline steps that exist today including the mortgage application, financial information collection, document gathering, and updating all along the way.
Borrowers can share some or all of their information in the system with realtors, lenders, co-borrowers, inspectors, attorneys, appraisers, accountants, title companies, notaries, or insurance agents.