Friday, February 21, 2020

Brace Picks Up $10M For Mortgage Serving Software

Santa Monica-based Brace, a startup developing software to automate mortgage servicing, has raised $10M in a Series A funding round, according to the company. The funding was led by Point72 Ventures, and also included Crosslink Capital. Brace said the new funding brings its total raised to $15M. The new funds will go towards expansion of its platform and technology. Brace says that it has developed a modular, digital platform for mortgage servicing that improves the customer experience and reduces the cost to service. The company is led by CEO Eric Rachmel Brace says that its strategic partners include asset management firm The Palisades Group, which is using Brace in streamlining its processes, and said it was part of a mortgage technology accelerator run by Flagstar Bank. More information »

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