Morty operates an online mortgage marketplace that allows homebuyers to evaluate competitive offers from multiple lenders and then lock and close their loans through an automated platform. The company was founded in 2016 by CEO Nora Apsel and CTO Adam Rothblatt and is based in New York City. Morty is currently licensed in 36 states and Washington, D.C., and intends to serve homebuyers nationwide by the end of 2021. It closed a $25M Series B that brought total capital raised to date to $38.4M. The company plans to use the funds for hiring, consumer marketing, product expansion, and to explore B2B2C opportunities to embed its mortgage technology into the broader real estate ecosystem. Morty provides an online mortgage brokerage platform that guides homebuyers through pre-approval, lender selection and loan signing, combining automated underwriting and origination code with on‑staff mortgage experts. The product includes a "Home Financing Score" that visually breaks down factors affecting approval so users can optimize finances and understand which homes they can afford. Morty launched licensed operations in 10 states and has expanded to cover 34 states, with New York remaining an exception due to licensing complexity; the company aims for full nationwide coverage in coming years. The company focuses on first-time homebuyers but says its model can extend to repeat home sales once trust is established. Morty counts LendingTree as a strategic partner and emphasizes transparency and communication among buyers, realtors and title agents as a competitive differentiator. The company recently completed a Series A, improving its financial runway to scale its marketplace and state licensing expansion efforts. Morty operates an online mortgage marketplace that lets users create a financial profile, compare rates from multiple lenders, and complete the mortgage process through its website. The platform aggregates lenders (launching with 10 lenders) and is licensed in ten markets, enabling borrowers to shop and compare for free while lenders pay a fee upon loan close. Morty performs underwriting by connecting to borrowers’ bank accounts and analyzing two years of transaction‑level data to assess creditworthiness, but it does not fund loans or collect payments. By digitizing qualification and underwriting, Morty reduces the need for loan officers and brick‑and‑mortar locations and can deliver new borrower demographics to partner lenders. The company plans to expand into additional markets over time beyond its initial licensed areas. Ahead of launch it raised funding to support the marketplace rollout.

Total raised

$37M

Funding rounds

3

Latest round

Series B

Latest activity

Jul 2021