DealmakingFintechMortgageProptechReal Estate Tech

Vontive marks $1B financed via embedded mortgage product

Company says it originated $750M of these loans

Vontive, an embedded mortgage platform for investment real estate, today announced financing more than $1.1 billion of residential properties owned by investors, according to a press release.

The company noted that it originated $750 million worth of loans for these properties, and stated it has a success rate over 90% for “taking a mortgage from term sheet through closure.”

Vontive also noted that since publicly launching its white-label, no-code mortgage solution for businesses that serve real estate investors in April 2022, it has since expanded to more than 30 B2C brands.

It says this emerging B2C ecosystem now reaches reaches over 1.5 million real estate investors through these brands’ customer engagement and social-media following. The company says this solution “empowers any relevant brand to start a mortgage business and enter the market in weeks, avoiding the regulatory burdens, financial expense, and capital-raising requirements of starting a traditional lender.”

“Investment mortgages represent a $7 trillion asset class yet they have been financed by a fragmented, no-tech lender ecosystem,” stated Shreyas Vijaykumar, Chief Technology Officer (CTO) at Vontive, in the release.

“Vontive changed this by developing technology that will standardize products to finance these assets. As evidenced by the enthusiasm we’ve seen to date, empowering the brands that real estate investors trust to distribute mortgages is a winning strategy,” Vijaykumar said.

Similar white-label products include Maxwell‘s recently launched “Origination-as-a-Service” Private Label Origination product.

In other recent proptech news, a new Apartments.com report found pullback on multifamily rent growth in Sun Belt markets. FLASH also announced a $40 million investment from Brookfield and related strategic partnership.

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