UpEquity
UpEquity, based in Austin, TX, is a licensed mortgage company specializing in automating the home buying process to enable faster and competitive real estate transactions.
Founders
UpEquity was founded in 2019 by Tim Herman and Louis Wilson. The company is headquartered in Austin, Texas, USA.
Services
UpEquity offers a range of services aimed at simplifying and speeding up the home buying process. They provide automated underwriting technology that enables buyers to make all-cash offers and close mortgages 3 times faster than the industry average. The company also offers specific programs such as the Trade Up program, which helps homeowners buy and sell simultaneously, and the Buy Before You Sell program that allows homeowners to unlock their equity, pay down their mortgage, and sell their old house for the best possible price.
Licenses and Registrations
UpEquity is licensed as a mortgage company in multiple states across the United States, including Arizona, California, Colorado, Florida, Georgia, Kansas, Idaho, Illinois, New Jersey, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, and Washington. The company complies with federal laws prohibiting discrimination and is an Equal Housing Lender. Its licenses include: Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, Mortgage Banker License in Arizona, Registered with the Colorado Division of Real Estate, Mortgage Broker License in Florida, Mortgage Lender in Georgia, Kansas Mortgage Company License, Mortgage Broker/Lender in Idaho, Illinois Residential Mortgage License, Residential Mortgage Lender in New Jersey, Mortgage Lending License in Oregon, PA Mortgage Lender License in Pennsylvania, BFI Mortgage Lender/Servicer in South Carolina, TN Mortgage License in Tennessee, Texas Mortgage Lender, and Washington Consumer Loan Company License.
History
UpEquity was initially founded under the name LnderLab before it rebranded to UpEquity. The company participated in Y Combinator's Summer 2019 batch, which is often a major milestone for tech startups. The company is headquartered at 3100 Alvin Devane Blvd, Building A, STE 100, Austin TX 78741 and has a team of 90 employees.
Industry and Sub-Industry
UpEquity operates in the Real Estate and Construction industry, specifically within the sub-industry of Housing and Real Estate. The company focuses on automating the home buying process and enables clients to make competitive, all-cash offers on properties.