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Brace Raises $10M to Shake Up Mortgage Servicing With AI

Digital mortgage-servicing platform Brace has announced another $10 million in Series A funding led by Point72 Ventures, which brings the company’s total funding to $15 million in under two years.

!--more-->On Brace’s sparse website, the startup bills itself as offering “software to revolutionize mortgage servicing” through capabilities that include “AI to process borrower provided documentation and “automated decision-making for loss mitigation options.”

Brace said it will use the additional funding to expand its digital platform to other segments of the mortgage servicing process while also growing its existing client base.

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