Business, Free News Articles, Funding and Investment, Real Estate

TMC Emerging Technology Fund LP Invests in Clever Real Estate

SAN DIEGO, Calif. -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the Fund) recently participated in a Series B investment round for Clever Real Estate. Clever offers free educational resources - including expert advice, reviews and guides - to help consumers navigate their real estate journey. They also match sellers and buyers with vetted local real estate agents and other service providers to negotiate lower rates on their behalf.

"Clever's mission is to help every person navigate their real estate journey with a trusted expert in their corner. Today, Clever's websites deliver educational content to more than 11 million readers per year. Through our nationwide agent network, Clever sells more than $250M in real estate each month and helps customers save an average of almost $10,000 in realtor fees on each transaction," said Luke Babich, Co-Founder and COO of Clever Real Estate. "We're thrilled to partner with TMC's Emerging Technology Fund to take Clever's growth to the next level. The Fund not only brings capital to help us accelerate the growth of our team and technology but also relationships and operating experience as Clever deepens partnerships in the mortgage industry to propel our team to another year of 300+% growth."

Owen Lee, a limited partner of the TMC Emerging Technology Fund and Co-Owner of Success Mortgage Partners, stated: "Success Mortgage Partners was thrilled to invest in Clever Real Estate. Clever's technology and its disruption of industry norms positions the company for massive future growth. What's more, its leadership team is young, smart, talented and not fearful of hard work - all of which makes Clever an ideal candidate for investment by The TMC Emerging Tech Fund. invests in companies."

The Limited Partners of the TMC Emerging Technology Fund consist of some of the most technology-forward lender members of TMC. The Fund seeks to invest in companies that are leveraging technology to bring transformational change to the mortgage and real estate industries, with a particular emphasis on investment opportunities that will result in higher profitability and business process improvement for TMC lender members.

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About The Mortgage Collaborative

Based in San Diego, Calif., The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America.

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Business, Free News Articles

The Mortgage Collaborative Adds Two New Board Members, Enjoys Record Attendance at Summer Conference

SAN DIEGO, Calif. -- The Mortgage Collaborative (TMC), the mortgage industry's only independent cooperative, today announced the addition of Kate deKay and Allison Johnston to their prestigious board of directors. Johnston and deKay were voted in Sunday, August 18, 2019, during the Lender Co-op board meeting, which took place in Nashville, Tennessee during TMC's summer conference.

Kate deKay is the CEO of Eustis Mortgage Corporation and is responsible for leading the Eustis family of company brands. She comes from a long line of mortgage lending professionals and offers a fresh perspective about embracing technology and empowering her employees to make decisions in the best interest of customers.

Allison Johnston, chief operating officer of Success Mortgage Partners, brings over 27 years of diverse industry experience. Currently serving as the Mortgage Industry Advisory Board (MIAB) vice president, former Michigan Mortgage Lenders Association (MMLA) state board president and current MMLA ambassador and membership committee chairperson, Johnston provides new insight and understanding to all facets of the industry.

"When organizations lose touch with their customers and stop listening, they become irrelevant quickly," says Jim Park, the chief executive officer of TMC. "That's why at TMC, our members drive our focus and key initiatives. I'm very excited that our new board will help to continue our tradition of openness and collaboration."

This tradition of openness and collaboration is what drove participation at TMC's most recent summer conference, which was held August 18-20, 2019, in Nashville, Tennessee. With 348 attendees, TMC is celebrating a 17% increase in lender member attendance from their Winter Conference in Austin, Texas this past February. The Nashville event featured increasingly diverse lender members and speakers, an emphasis on relationship building and communication, new interactive whiteboard sessions, and the highest "LTV" (lender-to-vendor ratio) of any major industry conference thus far in 2019.

"We strive to create a conference experience for our lender members focused exclusively on our members' wants and needs," said Rich Swerbinsky, the chief operating officer of TMC. "We're in an industry of constant change, and our members continue to provide us with excellent feedback on what they value out of a conference experience."

TMC also announced the date and location for their next lender member conference, which will be held at The Roosevelt New Orleans, February 16-18, 2020. TMC's conferences provide lender members a unique opportunity to interact with top industry leaders. Members participate in compelling and interactive sessions led by their peers focused on growth initiatives, business best practices and experiences with third party providers.

About The Mortgage Collaborative:

Based in San Diego, CA, The Mortgage Collaborative was founded in 2013 to empower mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise and improved compliance and to help its members access the dynamic and changing consumer base in America. The association is managed by its founding members: John Robbins, CMB; David Kittle, CMB; Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, former chair of the Asian Real Estate Association of America (AREAA). Robbins and Kittle are former chairmen of the Mortgage Bankers Association of America (MBA). For more information, visit

Twitter: @mtgcoop #tmcsummer2019

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