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PropTech Mortgage Company Fulcrum Lending Announces Nationwide Partnership with Northmarq

By on January 18, 2022 0

Fulcrum Lending leverages proprietary technology to provide clients with instant valuations, market insights and live loan pricing through their digital platform and APIs.

NEW YORK, January 18, 2022 /PRNewswire/ — Pivot loan, a New York and Los Angeles multi-family mortgage company PropTech, today announced an exclusive partnership with Northmark, a commercial real estate industry leader in financing, servicing loans and selling investments with $22 billion in 2021 loans.

Fulcrum Loan Company. The digital lender for the modern investor.

PropTech Mortgage Company Fulcrum Lending Announces Nationwide Partnership with Northmarq

Founded in June 2021, Fulcrum Lending Center The platform provides clients with real-time access to loan pricing on multifamily properties, as well as essential market information and other investor tools not available through a traditional lender.

The partnership with Northmarq will allow Fulcrum Lending to underwrite loans directly through its platform, completing Fulcrum Lending’s offering as a full-service digital lender.

Fulcrum Lending was founded by PropTech veterans Maxwell Wu and Kenneth Mendonca. Wu, who serves as chairman and chief executive, was previously chief underwriter at TapCap, a real estate technology company, which he helped grow from its initial Greystone divestiture to more than $1.3 billion of multi-family loan applications in its first two quarters. Mendonça, who serves as CTO, was previously a principal engineer at TapCap and Greystone, where he led all development and platform architecture for their digital lending platforms.

“Our proprietary technology and data not only reduce lending costs, which we pass directly to the borrower, but also allow us to uncover hidden insights and market trends that we share with our clients for free,” said Wu, co-founder. and CEO of Fulcrum Lending. “Multi-family loans are a commodity in this market and providing the cheapest loans was only inevitable with our technology and data capabilities, so we focused on how we can deliver long-term value to our borrowers beyond a simple transactional service.”

“They are a great combination of real estate and technology experts who understand the ins and outs of the multifamily mortgage finance industry. We are excited to see where this partnership will take the digital experience for borrowers,” said Jay Donaldson, president of Northmarq’s Fannie Mae and FHA/HUD platforms.

In addition to offering data-driven advice to investors, Fulcrum Lending provides small and medium-sized brokerage firms with its technology and direct lending channels in exchange for their on-the-ground presence in the secondary and tertiary markets.

“Even though we have seen a decade of digital transformation in less than two years, we continue to see the demand for data-driven, human advice delivered through technology. We are confident that the national platform of expertise from Northmarq will complement Fulcrum’s platform and bring new customers to Fannie Mae and Freddie Mac financing products,” said Cody field, senior vice president – ​​debt and equity for Northmarq in San Francisco.

“Fulcrum is the only vendor with solutions that don’t push away the independent mortgage broker,” said Mendonça, co-founder and CTO of Fulcrum Lending. “Whether it’s a one-person or 100-person business, our no-code integrations and APIs help our brokerage partners digitize their trades in less than days.”

Fulcrum Lending Corporation will continue to expand nationwide, working exclusively with select mortgage brokers who align with their mission to deliver a digital, seamless, and personalized lending process to borrowers large and small.

About Northmarq
Northmarq is a leading capital markets resource for commercial real estate investors, offering seamless collaboration with leading experts in debt, equity, investment sales and lending servicing. We combine industry-leading capabilities with an open and flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and our entrepreneurial approach have enabled us to build an annual transaction volume of more than $33 billion, and servicing loans of nearly $70 billion. Learn more at northmarq.com.

About Fulcrum Loans
Fulcrum Lending is a full-service digital mortgage company offering multi-family lending nationwide. Their direct lending channels and proprietary technology provide clients with direct lending, instant valuations, market insights, and live loan pricing through their LoanCenter platform and APIs. For more information, visit fulcrumlendingcorp.com

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SOURCE Fulcrum Loans

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