Neat Capital Launches Highly Sophisticated Digital Mortgage Platform & Acquires Whole Loan Solutions

Press Release (ePRNews.com) - Boulder, CO - Apr 27, 2017 - Neat Capital has launched its highly anticipated mortgage lending platform, completed the acquisition of a mortgage trading advisory firm, Whole Loan Solutions, and has been named a ‘Benzinga FinTech Award’ finalist for the Best Digital Mortgage Platform. With a focus in the prime jumbo space, Neat Capital has modernized the mortgage experience by delivering fast, transparent, and painless loan approvals and has been averaging 12 days from application to clear to close, which is nearly 3-4 times faster than industry average.

“After nearly two years of development, we are thrilled to officially launch a platform that truly revolutionizes the home buyer experience,” said Luke Johnson, Founder and CEO of Neat Capital. “Our application is unique in providing real-time underwriting and borrower feedback, eliminating weeks of unnecessary back and forth. Our software educates clients about the income and asset requirements needed to qualify for their loan, and lets them know where they stand.”
 
“We went against the grain and focused less on developing the industry’s next 3-minute application, and instead built software for a client to complete the entire process in one efficient session,” Luke continued.

“After nearly two years of development, we are thrilled to officially launch a platform that truly revolutionizes the home buyer experience. Our application is unique in providing real-time underwriting and borrower feedback, eliminating weeks of unnecessary back and forth. Our software educates clients about the income and asset requirements needed to qualify for their loan, and lets them know where they stand.”

Luke Johnson, Founder and CEO of Neat Capital

Neat Capital’s clients are put in the driver’s seat with clarity on approval criteria upfront and the ability to easily change options and see personalized loan scenarios. Loan selection is made simple with a graphic display to provide education on the trade-offs associated with different down payments at closing, so clients can easily see interest rate break-points and other key loan characteristics.

Johnson added color on Neat Capital’s recent acquisition, “With over $1 billion in transaction history, the acquisition of Whole Loan Solutions provides us with highly relevant market insight, extends our network of banking partners, and expands our access to capital markets. As part of the acquisition, Ryan Brennan has been named President of Neat Capital, and Whole Loan Solutions will continue to operate as a standalone entity.”

“We see an opportunity to deliver technology extending well beyond efficiencies in origination,” Brennan stated. “The combination of Neat Capital and Whole Loan Solutions positions us for the development of additional breakthrough technology designed to streamline loan execution and capital markets strategies.”

About Neat Capital

Neat Capital is a FinTech mortgage lender setting out to make financing a home as frictionless as using cash. Founded in 2015 by mortgage industry experts, Neat Capital is reinventing the industry with technology to achieve unparalleled speed, certainty, and clarity in financing a home. The company is based in Boulder, CO and specializes in prime jumbo mortgages.

About Whole Loan Solutions

Whole Loan Solutions delivers advisory services to the secondary residential mortgage market. Whole Loan Solutions has advised buyers and sellers on more than $1 billion of transactions and is working to build the next generation in mortgage marketplace technology.

Press Contact: Shelley Scipione, VP Marketing, shelley@neatcapital.com