See other companies on Otta
Valon Mortgage
Homeowner-first approach to homeownership
Jump to section
To champion homeowners on their financial journey, as the partner they trust with their home and future.
Theo Margolius
COO of Otta
Valon is attempting to bring smoother, clearer customer service to the often unsophisticated industry of mortgage services. Its cloud-native mobile platform allows borrowers to make payments and manage escrow accounts while avoiding time-consuming call centers, inaccurate information and poorly designed websites. In turn, lenders can use the platform to request API feeds to gather information on customer performance.
The company is aiming to disrupt and bring down the costs in a market that it sees as heavily monopolized, and which is largely devoid of customer-oriented innovation. Currently, mortgage servicing giant Black Knight controls over half of all residential loans in the US, the result of which has seen a 250% increase in servicing costs in the last decade.
Valon's growth so far has been remarkable. The company went from zero contracts in 2019 to $10 billion in mortgages in 2020. Its remarkable growth attracted over $70 million in funding in 2021. On top of this boost, it has further diversified its capabilities to include servicing government-sponsored home loans from the Federal National Mortgage Association.
Aug 2022
$61.5m
LATE VC
Nov 2021
$43.9m
EARLY VC
Total funding
This company has top investors
Founders
Andrew Wang
(CEO)Studied Computer Science at Harvard. Interned as a Software Engineer at The White House, and Google. Was an Analyst at Goldman Sachs. Spent 4 years as a Principal to Soros Fund Management.
Jonathan Hsu
(CTO)Studied Computer Science at Carnegie Mellon University. Worked for over 5 years at Twilio, promoted from Software Engineer Intern to Engineering Manager.
Jobs (8)
Software Engineering