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LoanCity.com

5671 Santa Teresa Blvd.
San Jose, CA 95132
USA
(408)-281-3600
Website Company Summary Management Team
Team

Management: Rick Soukoulis (CEO/Chairman);  John C. Giagiari (COO);  Wayne Liu (SVP Capital Markets);  Nick Labao (EVP Finance);  Jeff Minch (SVP Sales);  Lori E. Waterman (SVP National Account Management);  David A. Sofaer (General Counsel)
Outside board: William Dallas (Dallas Capital Management CEO)Mark A. MacLennan (SVB Capital)Roger Rickard (Cornish & Carey Residential Real Estate Former President)
Company

Business description: LoanCity provides wholesale banking services to leading mortgage professionals throughout the U.S. The Company's proprietary platform along with strategic relationships with the nation's largest loan servicers has created among the broadest mortgage marketplace and advanced loan fulfillment services in the industry, exponentially improving productivity and quality of service. Mortgage experts can instantly match customer profiles with the best loan from more rate and term options, reducing risk and optimizing pull-through. LoanCity.com then underwrites, documents, and funds each loan and delivers it to the secondary market for servicing. Mortgage experts can instantly match customer profiles with the best loan from more rate and term options, reducing risk and optimizing pull-through. LoanCity then underwrites, documents, and funds each loan and delivers it to the secondary market for servicing.
Partners include: Envestnet | YodleeNetcentives;  eSold.com;  LendingTree Network
Capital

Rounds: 3
Recent fundings:    Jun 2001
Capital raised: 57.5M
Last Round: amount undisclosed
Ownership: Private  
VCs include: Insight Venture PartnersInterWest PartnersMorgan Stanley Venture PartnersNEARobertson Stephens;  Bayview Financial Trading Group;  Century Capital Management
Corporate investors: E*Trade Financial;  Bank of America Investment Corp;  Marsh Capital

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Last Mentions


Overview
Record updated: Jan 2007
Sector: Internet
Year Founded: 1987
Rounds: 3
Recent fundings:    Jun 2001
Capital raised: 57.5M
Last Round: amount undisclosed
Ownership: Private