Mortgage lending startup gets $1.5M boost from investors

Mortgage lending startup Lenda has raised $1.54 million in seed funding the company says it will use to expand into new markets.

The San Francisco-based firm launched a platform in July to allow borrowers to complete the home loan process online from start to finish without a loan officer as middleman. Lenda currently operates in California and will expand into Oregon and Washington next month. So far, the company says it has handled more than $13 million in loan volume through its platform.

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