Credit Karma, the service best known for providing free credit score monitoring and other financial advice (mostly to millennials), is getting into the mortgage business. The company today announced that it has acquired Approved, a mortgage platform that brings modern technology to a process that even today often still involves faxing documents back and forth. TechCrunch.
Approved offers on-demand home loan document gathering, verification and pre-approval.
The San Diego company announced Tuesday a $1 million pre-seed round to help build out the service. The round was led by Social Capital and Precursor Ventures. GeekWire.
This year’s list includes former Redfin developers Andy Taylor and Navtej Sadhal who founded Approved. Xconomy.
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