LenderClose Nominated for Two Prometheus Awards

LenderClose announces it has been named a 2020 Prometheus Award finalist for Technology Company of the Year and FinTech Company of the Year. The Prometheus awards are coordinated by the Technology Association of Iowa (TAI). This is the second consecutive year LenderClose has been named a finalist by the Prometheus Awards judges panel.

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LenderClose, one of the younger companies to be nominated for this years awards, is recognized along with several other well-known Iowa businesses leading advancements in the technology industry.

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The nods in the direction of LenderClose for Technology Company of the Year and FinTech Company of the Year come in recognition of the companys sizable increase in volume, revenue and client growth from 2018 to 2019 and an achievable goal to triple revenue in 2020. Over the last year, LenderClose more than doubled its workforce, going from 15 to 30+ full-time employees. Company leadership says they plan to create another 35 positions at LenderClose in the next 12 months.

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In February 2020, LenderClose kicked off the latest round of funding by announcing investments from Ascentra Credit Union and Financial Plus Credit Union to accelerate the impact of the LenderClose platform on the community lending industry. Investors in the initial round, Collins Community Credit Union and Serve Credit Union, will double down on their investments into LenderClose in March 2018.

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LenderCloses plug-and-play solution to the problem of legacy lending technology is a centralized platform integration that reduces, and in some cases, completely eliminates middle-man vendors. Credit unions and community banks that leverage the platform report speed, efficiency and borrower experience improvements that give them a competitive edge against megabank and industry disruptors, like Rocket Mortgage and Zillow.

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"We are humbled and honored to receive these nominations as they reinforce the LenderClose mission to go beyond technology enablement to provide community lenders the ability to compete and serve the borrowers need for speed in mortgage and home equity loan approval," said Omar Jordan, LenderClose founder and CEO.

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LenderClose partners, Jordan and Ben Rempe, as well as their fast-growing team, have remained focused on positioning community lenders for competitive dominance in their local markets since the startup was founded in 2015.

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Winners will be announced during the week of June 22 during TAI's virtual awards ceremonies.