LendingHome Expands Operations with New Office in Pittsburgh

10/11/17

PITTSBURGH--(BUSINESS WIRE)--LendingHome – the nation’s largest, fastest-growing mortgage marketplace lender – is hosting a reception today to celebrate the grand opening of its office on Pittsburgh’s burgeoning North Side. Mayor William Peduto and City Councilman Dan Gilman will be on hand to assist with the ceremonial ribbon cutting at 5 p.m. ET.

Headquartered in San Francisco, LendingHome plans to bring a total of 50 well-paying financial technology jobs to Pittsburgh over the next year. Located within Nova Tower One at Nova Place, LendingHome adds its name to a roster of other technology tenants, including Alloy 26 and Innovation Works.

The new office marks a personal homecoming for LendingHome Co-Founder and CEO Matt Humphrey, 30, who is a Pittsburgh native and graduate of Carnegie Mellon University.

“We decided we could add significantly to our best-in-class technical team by recruiting top engineering, product and data talent from the area’s technology and startup ecosystem, which includes CMU and Pitt,” said Humphrey. “We started by bringing on board a small team of entrepreneurs from the Pittsburgh mortgage industry, so we have a solid foundation already. For me, the hometown connection was certainly a special bonus.”

“Matt’s reputation as a tech innovator and disruptor precedes him, and we are proud to welcome LendingHome to Pittsburgh,” said Mayor William Peduto. “Matt and his team built LendingHome from the ground up, and their success is simply stunning. In just three years, LendingHome has originated more than $1.75 billion in mortgages. It’s no coincidence that a Pittsburgh native created a company culture steeped in hard-work and grit. We look forward to LendingHome’s role in the continued revitalization of our city.”

“We hope to have a significant and long-term presence in Pittsburgh both as an employer and as a business,” said Humphrey. “Not only do we think the innovative and dedicated workforce of Pittsburgh is a perfect match for our culture and mission, but there is a robust market of first-time homebuyers who want an easier way to get a mortgage, and that’s what we offer. I can’t wait for Pittsburgh to get to know LendingHome, and I’m so excited my hometown is the focal point for the next phase of our company.”

To officially introduce LendingHome to the Pittsburgh community, Humphrey and LendingHome’s Chief Technology Officer Adil Ajmal will host a “Tech Talk” tonight beginning at 5:30 p.m. ET. To learn more and reserve a spot, visit www.lendinghome.com/techtalk.

About LendingHome:

LendingHome reimagines the traditional mortgage process to transform it into a fast, transparent, and reliable marketplace for borrowers and investors. It does this through its proprietary technology platform and team of seasoned real estate investment experts. LendingHome serves borrowers looking for financing to purchase or refinance residential real estate properties. At the same time, it serves institutional and individual investors looking for access to attractive, high-yield real estate assets. Since it started lending in mid-2014, LendingHome has funded over $1.75 billion in mortgage loans. Based in San Francisco, LendingHome has more than 300 employees and has raised more than $100 million in equity financing. To learn more, go to www.lendinghome.com.

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