HomeLight, a Scottsdale, AZ-based real estate technology platform empowering innovative transactions top agents, lenders, and their clients, raised $20M in Series D extension funding.
The round was led by Zeev Ventures, with participation from Stereo Capital and Menlo Ventures, among others.
The company intends to use the funds to expand operations and its development efforts.
HomeLight provides a real estate technology platform to buy and sell homes, whether that’s enabling clients to buy before they sell, find an agent, or have certainty through the closing process.
The company’s Buy Before You Sell offers loan officers who are trained on the product several advantages:
- Review and approve clients’ property condition and eligibility for the program using HomeLight’s proprietary AI-driven algorithm in minutes
- Unlock up to 70% of an approved client’s existing equity in their home
- Empower clients to make a non-contingent offer on their home, with no home sale contingency
- Allow clients to move on their timeline and sell their old home prepped and staged to maximize its sales price
Buy Before You Sell has already seen historically rapid adoption across the lender community, with 40 lenders currently using the product, including The Loan Store and Luminate Home Loans, among others. These partnerships with some of the nation’s largest lenders have accelerated the product’s expansion, which is now operating in 47 total states.
The company has offices in Scottsdale, San Francisco, Dallas, and Chicago.
FinSMEs
26/08/2024