A mortgage is the biggest financial instrument most people ever interact with. Getting one is a huge choice and a bigger pain in the neck.
Want to make it easy for regular people across America to get homes? Do you enjoy building software that solves real-world problems? Are you happiest working with a small, brilliant team in a fast-paced environment?
Loanpal is creating a new kind of mortgage company to serve consumers long-term and make getting a mortgage painless and fair. Our engineers are deep into building modern web and mobile applications that take all the work out of getting a mortgage. We're optimizing and automating what is still a very manual and error-prone process.
It takes the average loan about 30-45 days to get from the first interaction with a customer to closing and funding the home purchase. There's no reason anything should take a month with modern technology and software!
First, we make it easy for the consumer to apply. No filling out long forms with information that already lives in a variety of online databases and services. Then, by applying deep-learning and automation to all of the work on the backend, we will be able to give the consumer the fastest close, but also the cheapest rates.
The team is 8 so far: 6 engineers and 1 product manager, and a full-time Senior Advisor, Karl Jacob, who previously started 5 successful companies and was an advisor to Facebook when it was the same size we are. Our engineers have worked at Dropbox, MemSQL, Facebook, Cloudmark, Microsoft, and Uber, and many have founded companies themselves in the past.