Elio Mortgage emerges from stealth with $5.1M pre-seed
Elio Mortgage raised $5.1 million in pre-seed financing co-led by Motive Partners and Social Leverage, with Jeff Horing participating personally.
The company plans continued product development, nationwide expansion of licensed mortgage operations and loan-officer recruitment.
At its September launch from stealth, Elio reported about 40 loan officers and $200 million in trailing 12-month originations. The round backs expansion of an operating brokerage.
Use of funds
Continue product development
Expand licensed mortgage operations nationwide
Recruit loan officers