Tidalwave stated it’s on tempo to influence greater than than 200,000 loans by the top of 2026, development that’s pushed by a $22 million Series A funding round introduced in November with investor participation from Everlasting Capital and D.R. Horton.
Flat Department leaders stated the corporate’s new point-of-sale system is “constructed deliberately for at this time’s debtors and the mortgage officers who help them,” and it’s designed to create a sooner and “extra intuitive” mortgage application course of.
“Due to our unimaginable partnership with Tidalwave, we’ve been in a position to launch Flat Department Dwelling,” Jamie Pandolfo, president of Flat Department Dwelling Loans, stated in an announcement. “The way forward for expertise is right here, and we’re embracing it for a greater expertise for our debtors and our mortgage officers. Tidalwave has given us the chance to take our origination to the subsequent stage.”
“Flat Department’s management crew is exhibiting the business what it appears prefer to lean into change as an alternative of ready for it,” stated Diane Yu, CEO and co-founder of Tidalwave. “Their willingness to rethink the borrower and mortgage officer expertise is uncommon and extremely spectacular. We’re honored to be their associate on this journey and thrilled to see Flat Department Dwelling already changing 90% of software begins to submissions, a robust proof level for what’s doable when nice operators and trendy AI work collectively.”
Flat Department Dwelling works with debtors from begin to end to add and signal paperwork, observe duties, evaluation disclosures, obtain notifications and talk with their LO officer in actual time. Its cellular app is offered to obtain by way of app shops.
It pairs with Tidalwave’s SOLO platform, which supplies a number of methods to deepen connections between debtors and LOs whereas streamlining the appliance course of. This contains AI chat support for each events, together with automated doc processing, lead qualification, underwriting help and integrations with different key mortgage tech platforms.
“Know-how ought to make mortgage officers’ lives simpler, not tougher,” stated Michael Eckley, Flat Department’s chief expertise officer. “There’s a number of noise at this time with social media and AI, however, at Flat Department, we’re implementing expertise with intention. It’s a metamorphosis of how we help and empower our mortgage officers.”
In response to information from Modex, Flat Department Dwelling Loans has originated about $2.9 billion in mortgages over the previous 12 months and has 296 licensed LOs throughout its 86 branches.
