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Paperless closing provider Stavvy has landed $40 million in Series A funding from Morningside Technology Ventures, which the company says will allow it to bring its expertise to bear in helping mortgage lenders serve troubled borrowers.
The Boston-based startup also announced a deal to provide remote loan modification services to Flagstar Bank a major expansion of the company’s customer base in mortgage loan servicing. Flagstar, a top 20 mortgage lender that does business nationwide, last month announced a $2.6 billion merger with New York Community Bancorp Inc.
Stavvy is one of fewer than a dozen companies certified to conduct remote online notarizations by the Mortgage Industry Standards Maintenance Organization (MISMO). Its competitors include MISMO-certified companies Black Knight, eNotaryLog, Hercules Holding, Nexsys, Notarize, NotaryCam, Pavaso, Signix and Snapdocs.
BostonMassachusettsUnited-statesKosta-ligrisShane-hartzlerGerald-chanMorningside-technology-venturesFlagstar-bankMonument-bankMorningside-technology-ventures-weHercules-holdingYork-community-bancorp-incBike repair workshop Handlebars has opened its latest branch at Hyde Park.
Since opening its first workshop this time last year, the London-based startup now has four branches: Monument & Bank, Islington, Shoreditch and Hyde Park, with several more planned for later in the year.
All services can be booked through the website and app. Users simply choose their location, the repair needed and a drop-off day that suits. The company also offers a collect and return service for customers in zones one-three.
Mechanic Charlotte at work
Located in Connaught Village, the new branch has received a positive reception from the local community, Handlebars said.
Hyde-parkUnited-kingdom-generalUnited-kingdomIslingtonShoreditchHackneyLondonCity-ofMonument-bankConnaught-villageஹைட்-பூங்கா