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Mortgage Origination Fintech Interfirst Nabs $175M Investment

Interfirst Mortgage Company, which offers a mortgage origination platform using artificial intelligence, has secured a $175 million investment from investment firm StoicLane. 

money 1428594 640 smallInterfirst, which aims to eliminate upfront fees, cut interest cost and decrease the complexity of a traditional mortgage, will use the funding to ramp up growth and technology development.

“The mortgage industry is fragmented and ripe for disruption by tech-enabled, customer-centric platforms,” Al Goldstein, StoicLane's CEO, said in a statement, 

Read the full press release. 

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