LendingHome [1], a mortgage marketplace lender, announced Wednesday that they have received Fannie Mae [2]'s seller and servicer approval while naming Robert Stiles, former CFO of Nationstar Mortgage, as its CFO.
LendingHome said that Fannie Mae’s approval enables the expansion of its home financing business as well as the delivery of better outcomes to its customers. By working directly with Fannie Mae, LendingHome not only can streamline its operations and offer better loan pricing to its customers; it also can retain the servicing of its customers in-house so they can rely on LendingHome throughout the life of their loan.
“Passing Fannie Mae’s stringent approval guidelines is no small feat, especially for a young company that started lending only three years ago,” said Matt Humphrey, co-founder and CEO of LendingHome. “This is a testament to LendingHome’s financial strength, leading ground-up technology platform, and the quality of our processes from end-to-end.”
“LendingHome focuses on using technology innovation to create efficiencies and deliver a great customer experience,” said Jeff Walker, SVP and Customer Delivery Executive for Fannie Mae. “We’re pleased to welcome LendingHome as one of our lender partners and look forward to working with them toward our shared vision of a better mortgage process.”
LendingHome also announced that it has named mortgage industry veteran Robert Stiles as its new CFO. They said that Stiles will be instrumental in leading LendingHome’s financial operations and taking the company through its next phase of business growth. As of April 2017, he reports to Matt Humphrey.
"I’ve watched LendingHome closely over the past year and have admired its innovative ways that it serves both customers and investors, as well as its tech-focused approach to mortgages,” said Stiles. “LendingHome has tremendous opportunity to be very disruptive, and I look forward to contributing to its increasing success.”