Entrepreneurs Are Bringing Transparency To Home Buying And Empowering The BIPOC Community

Co-located in Durham and Orlando, the business serves as a mortgage research software that simulates underwriting to help potential borrowers determine home loan affordability and compare the likelihood of approval with different lenders. Through artificial intelligence, the company’s Intelligent Mortgage Advisor allows their clients to easily find affordable mortgage options, uncover hidden homeownership costs, and identify lenders willing to work with them.

In order to get started, prospective homeowners create an account and link their banking information; this helps the HLP technology with pulling their current transaction history. Afterwards, HLP will provide customers with a soft credit pull through Equifax to give them the same starting point they would have with an underwriter.

Next, the customers select prospective homes of interest that run through HLP’s machine-learning algorithm to match them with mortgage loans and lenders that are best suited for them. Once ready, customers may select lenders to contact directly through the HLP app and work towards finding their new home.“Borrowers don't have transparency or control of their data in the home buying process,” Young said, and this is what they wanted to disrupt in the industry.

Home Lending Pal’s continuous growth has given them the base to become the future of online lending. In 2019, IBM selected the company for its Hyper Protect Accelerator, a program that empowers companies with game-changing security and encryption solutions while helping them drive innovation and scale. And, Young and HLP completed a $900,000 funding round, bringing their total fundraising to $1.

As CEO and COO respectively, Young and Better also strive to bring change to BIPOC communities . Young said, “Steven is Latino. I am black—and less than 2% of the industry is made up of people like us,” so as a thank you, they plan to give 2% back to the communities that stood by and supported them on their roads to success; in addition, HLP’s team works with former HUD employees to help women and help close the wealth gap.

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Entrepreneurs Are Bringing Transparency To Home Buying And Empowering The BIPOC CommunityLooking to buy a home for the first time can be a bit intimidating. Need to understand how a mortgage works, as well as finding the right home to purchase that one can truly afford. good luck Hi I a m not good in Real Estates this is a big business Thanks a lotT. George
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