Mortgage Automator, The Market Leading Software Platform for Private Lenders, Receives Strategic Investment from BVP Forge
02 May 2024 - 1:00AM
Business Wire
Today, Mortgage Automator, the fastest growing and most sought
after software platform in the private lending industry, announced
a majority recapitalization by BVP Forge, designed to fuel future
growth.
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the full release here:
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Mortgage Automator is a modern SaaS platform and ecosystem that
serves the full private and asset-based lending suite from CRM,
origination, execution, and servicing through reporting, legal,
compliance, and accounting. Over 375 customers across the United
States, Canada, Australia, and New Zealand, including some of the
industry’s most respected and well-known lenders, rely on Mortgage
Automator to manage their business and daily workflow. Mortgage
Automator funded north of $20B through its platform in 2023. Built
by veterans of the private lending industry, Mortgage Automator’s
easy-to-use and intuitive interface generates massive ROI for
customers, helping them more efficiently grow their businesses.
“Mortgage Automator continues to lead as an innovator in the
industry. Utilizing Mortgage Automator provides private lenders a
significant operational advantage. Our partnership with Forge will
further enhance this, benefiting our community of customers
immensely,” said Pavel Tchourliaev, CEO, and Joseph Fooks, Chief
Strategy Officer. "Additionally, we're excited about leveraging
Forge’s resources to expand our range of products and services,”
they added.
“There are few companies out there with as high a degree of
customer satisfaction as Mortgage Automator enjoys. It’s no
surprise that this has translated into remarkable company growth
rates and sustained profitability. Customers run their businesses
on Mortgage Automator and love the seamless user experience. We’re
fortunate that Mortgage Automator selected Forge as its partner,”
said Rob Arditi, BVP Forge Partner.
“Mortgage Automator will gain access to ForgeEdge™, Forge’s
operating resource program, and the growth IP, workshops, and
programming of the storied Bessemer Venture Partners platform.
We’re thrilled to partner with the company to extend its market
leading SaaS platform across the full private lending value chain
and ecosystem,” said Tom Obermaier, BVP Forge Operating
Partner.
About Mortgage Automator
Mortgage Automator is a modern SaaS platform and ecosystem that
serves the full private and asset-based lending value chain. Built
by industry veterans, its advanced end-to-end offering including
origination, servicing, and reporting helps private lenders grow
faster and more efficiently. Mortgage Automator manages daily
workflow for customers and provides them access to an unparalleled
360 degree private lending community. The company has achieved the
industry’s top accolades for product innovation and customer
service including Innovator of the Year and Service Provider of the
Year by AAPL.
About BVP Forge
BVP Forge is the unique combination of a private equity firm for
growth-oriented, self-sustaining software-enabled businesses paired
with access to the Bessemer Venture Partners’ global venture
capital platform. BVP Forge combines Bessemer’s front-line industry
insights, proven growth IP, and legendary executive network with
tailored resources for self-sustaining companies and ForgeEdge™
operational resources. Mission-driven teams gain an ally who values
their expertise, respects their legacy, and supports them to build
a winning culture and business that withstands the test of time.
BVP Forge invests from a $780M fund in partnership with the $18B+
Bessemer platform that has backed industry-defining businesses such
as LinkedIn, Zapier, Clio, Procore, ServiceTitan, Shopify, Toast,
and Twilio. For more information about BVP Forge, please visit
https://www.bvp.com/forge.
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Bessemer Venture Partners press@bvp.com