As we head into the hot, hot months of Summer, we wanted to take an opportunity to bring everyone up to speed on some of the progress that Patch of Land has made so far in 2016. We’ve been so heads down that we barely noticed that the days were getting longer! Celebrating accomplishments is a huge part of any company, especially at a young company that counts on the passion and dedication of its employees.
And thanks to that passion and dedication, we have a lot to celebrate:
- We strengthened our management team with a new CEO
- We broke origination volume records in April and May
- We broke revenue records in April and May
- We launched a new product: Mid Term Loan Offering
- We have added Oregon as the 46th State where we now lend
- We have returned over $30 million in principal and interest to investors
- We originated nearly $130M in (non-brokered) loans
- We expanded our institutional lending partners
- We launched a new Borrower experience and portal including real time pre-approvals
- We were on TV
As we look forward to the Summer, we’re rolling out more products, more tech features, and getting back on the road to meet borrowers, brokers and investors across the country.