MortgageHippo, Inc., a Chicago, IL-based provider of white-label digital mortgage solutions to lenders, brokers and other mortgage originators, raised approximately $2.25m in seed funding.
The round was led by CMFG Ventures, the venture capital entity of CUNA Mutual Group.
The company, which had raised an initial seed round of $750k in January 2016, will use the funds primarily to further expand its software development and sales team.
Led by Michael Salichs, President, and Valentin Saportas, CEO, MortgageHippo provides a white-label digital mortgage platform – known as SwiftDLP™ – that allows lenders to devise and implement their digital mortgage strategies, deliver a modern borrowing experience, improve borrower conversions, reduce origination costs and integrate with other technologies. The platform is customizable to lender preferences and configurable to their workflows and processes.