lendwell

Lendwell, established in 2014, is a mortgage settlement services company based in Austin, Texas. The company specializes in assisting credit unions and community banks with the mortgage settlement process, focusing primarily on refinances, second mortgages, home equity loans, and home equity lines of credit. Lendwell offers a comprehensive suite of products, including property condition reports, appraisals, title insurance, and closing services, positioning itself as a one-stop shop for loan settlement products.

In April 2019, Lendwell was acquired by CBANC, a professional networking platform for banks. This strategic acquisition aimed to leverage the collective purchasing power of CBANC's extensive network, enabling member institutions to reduce lending operation costs and enhance customer service capabilities. Post-acquisition, Lendwell's platform was made accessible to CBANC's 8,000 financial institution members at no cost.

The leadership team at Lendwell includes co-founders Gabriel Flores and Michael DeBonis. Following the acquisition, Gabriel Flores assumed the role of General Manager of Lendwell, while Michael DeBonis took on the position of Senior Vice President of Engineering at CBANC.

Lendwell operates within the financial software industry, specifically focusing on mortgage technology solutions. The company's SaaS loan aggregation offering provides banks with access to quality mortgage settlement services, achieving cost savings of up to 20%. This technological platform streamlines the mortgage settlement process, enhancing efficiency and reducing operational expenses for financial institutions.

The alternative lending platform market, encompassing companies like Lendwell, has been experiencing significant growth. In 2024, the global market size was estimated at USD 3.82 billion and is projected to grow at a compound annual growth rate (CAGR) of 25.4% from 2025 to 2030, reaching USD 14.47 billion by 2030. This growth is driven by the increasing adoption of digital channels, technological advancements, and the rising demand for efficient lending solutions.

Key competitors in the alternative lending platform market include Funding Circle, On Deck Capital, and Kabbage. These companies offer streamlined, digital lending solutions for small businesses and individual borrowers, leveraging sophisticated data analytics and artificial intelligence to improve credit assessments and decision-making processes.

Lendwell's strategic collaboration with CBANC has strengthened its market position by providing its services to a broader network of financial institutions. This partnership enhances Lendwell's innovation capacity and expands its capabilities in delivering efficient mortgage settlement solutions.

Looking ahead, Lendwell is poised to capitalize on the growing demand for digital lending solutions. By leveraging its technological platform and strategic partnerships, the company is well-positioned to expand its market presence and continue providing cost-effective mortgage settlement services to financial institutions.