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With $3M in funding, Morty is launching a marketplace of mortgage lenders

While there are now more options for homebuyers seeking to find a new place to live, the process of getting a mortgage is still mostly an archaic, offline process with lots of unruly paperwork. New York-based Morty is trying to change that, and has raised $3 million to make its mortgage marketplace available to users.

Morty is seeking to provide its borrowers with more options and more transparency while shopping for a mortgage. It allows users to create a profile with their financial information, see what options might be available to them, and close on a mortgage all from the company’s website.

By aggregating multiple mortgage lenders on its platform, Morty is providing borrowers with a wider range of choices than they’ll see on other platforms. The company is launching with 10 lenders that users can compare the rates of, in 10 markets around the country.

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