AgentIndustry News

Nexera Holding hits $100 million funding mark in first six months

California-based startup offers consumer-direct and wholesale mortgages and plans to develop a Realtor portal this year
  • Nexera Holding, a startup based in Emeryville, California, launched in mid-2015 with the intent to streamline the mortgage lending process using a Web portal and open communication.
  • The company announced last week that it has received a whopping $100 million in funding.
  • Next up for Nexera is developing a way to pull a consumer’s tax return and bank statements without the consumer having to sign a release and a portal to track buyers' applications.

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Just six months into its operations as a consumer-direct and wholesale mortgage lender, Nexera Holding announced last week that it has received a whopping $100 million in funding. The Emeryville, California-based startup launched in mid-2015 with a mission of increasing efficiency, simplicity and transparency in the lending marketplace via a Web portal that gives customers the ability to view the status of their loan application and communicate with closing stakeholders throughout the lending process. “I think the consumer gets handed off too many times in the mortgage process we have now,” Nexera’s founder and CEO, Steve Abreu, told Inman News last year. “A single point of contact for the consumer is critical. Our customers are able to know what’s going on with the loan and are able to track loan offers and know what’s going on with the loan at all times.” Initially operating in just California, Oregon and Washington, Nexera quickly added Colorado to its ope...