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In the news
LoanSnap brings smart loans to Florida and Illinois

LoanSnap, the world’s first smart loan technology, is now available to help consumers in Florida and Illinois save thousands of dollars a year on their mortgage and take control of their money. The expansion comes as part of LoanSnap’s commitment to bringing smart loans to more Americans, with offerings now available in multiple states, including California, Colorado, Florida and Illinois.

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In the news
LoanSnap Closes in on Goal to Close a Mortgage in a Week

Digital mortgage startup LoanSnap has a goal of getting a mortgage to close in a week by the end of the year; the company already closed 5 loans in 8 days this past June; “We’re automating and creating efficiencies,” said Karl Jacob, CEO, and Founder of LoanSnap, to Forbes. “We’re reducing the mountain of data you have to supply.”

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In the news
What you need to know about online mortgages

Applying for a mortgage, and closing one, can be a tedious process. Lenders must scan your credit reports and study your credit score. You’ll have to provide copies of such documents as your most recent pay stubs, bank statements and tax returns to verify your income.

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In the news
LoanSnap raises $4.7 million for its AI-driven lending tool

LoanSnap today announced that it has raised an additional $4.7 million in a round led by Thomvest Ventures, along with existing investors, including Baseline Ventures, Branson’s Virgin Group, Core Innovation Partners, Montana’s Liquid 2 Ventures, OVO Fund, Transmedia Ventures, and angel investors. This brings its total capital raised to $17 million and will be used to expand its offerings and team in the months to come.

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