Financial Plus Credit Union joins LenderClose’s 8-figure Series B funding

Omar Jordan, Founder / CEO LenderClose

LenderClose, a CUSO-built lending platform has announced that Financial Plus Credit Union has joined Ascentra Credit Union, Serve Credit Union and Collins Community Credit Union in the latest round of funding of LenderClose.

According to LenderClose CEO/Founder Omar Jordan, the 8-figure Series B funding round commenced as an exclusive opportunity for the company’s initial investors but expanded due to the technology’s ability to increase speed and efficiency for community lenders.

LenderClose proprietary technology helps credit unions and community banks streamline the process of lending and underwriting, to create speed, efficiency and enhance borrowing experience. It features Notary signing service, eRecording services, Portfolio monitoring, Real estate tax tracking, HMDA, MeridianLink integration and the recently added Remote Online Notarization (RON).

“There have been few moments in time more profound than the one our industry is experiencing right now. We have a choice. We can lay low and wait for the pandemic and its economic consequences to subside. Or, we can mobilize everything that’s good about community financial services and ignite that spirit to effect change. At Financial Plus Credit Union, we are making the strategic decision to lean into the initiatives that will help us take care of our members for the long term. Investing in and engaging with fintech partners like LenderClose is one of several ways we plan to continue offering our members exceptional service,” said Dave Cale, CEO of Financial Plus Credit Union.

“Our vision for using technology to keep lending local is striking a chord within the community lender ecosystem. Especially now, as credit unions and community banks can so acutely feel the need for their human-centric services, they are compelled to provide fast, efficient, superior answers to their neighbors’ biggest problems and opportunities. Our platform gives them exactly that – a simple, elegant way to serve more members, better and faster,” said Jordan.

Founded in 2015, Des Moines-based CUSO established LenderClose is focused on equipping credit unions and community banks with innovative workflows and process automation.

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