Griffin Funding
Category: AI in Fintech
A mortgage lender specializing in non-QM loans for veterans, the self-employed, and real estate investors. Griffin Funding was founded in 2013. The company is led by Bill Lyons. Based in San Diego, United States. Team size: 51-200. Total funding raised: Not publicly available. Latest round: Not publicly available. Key investors include Not publicly available.
- Founded
- 2013
- Headquarters
- San Diego, United States
- Team size
- 51-200
- Total funding
- Not publicly available
Value proposition
Provides a streamlined and digital-first mortgage experience with a wide array of loan products, specializing in non-traditional mortgages (non-QM) for underserved borrowers.
Products and solutions
VA Loans, Bank Statement Loans, DSCR Loans, Asset Based Loans, Home Equity Loans
Unique value
Specializes in non-QM loans, which cater to borrowers with unique financial situations who may not qualify for traditional mortgages. They have a strong focus on a digital-first approach to streamline the lending process.
Target customer
Active-duty military members, veterans, self-employed individuals, and real estate investors.
Industries served
Financial Services, Real Estate
Technology advantage
Recently launched an AI-powered underwriting platform for non-QM loans. This platform, called 'Future Mortgage Alpha AI,' automates the underwriting process by pulling data from hundreds of pages of program guidelines, which allows for faster and more accurate loan qualification decisions.
How they differentiate
Griffin Funding differentiates itself by specializing in non-QM (non-qualified mortgage) loans for the self-employed and real estate investors, as well as VA loans for veterans and active-duty military. A significant differentiator is their recently unveiled AI-powered underwriting platform, which is designed to automate and streamline the underwriting process for non-QM loans. This focus on technology and serving niche borrower segments sets them apart from traditional lenders.
Main competitors
Eagle Home Mortgage, Evergreen Home Loans, Freedom Mortgage
Key partnerships
No publicly available information on key partnerships.
Notable customers
Veterans and active-duty military personnel, Self-employed borrowers, Real estate investors
Major milestones
Five-time honoree on the Inc. 5000 list of fastest-growing private companies., Launch of an AI-powered underwriting platform for non-QM loans., Funding over $3.6 billion in loan volume.
Growth metrics
As of May 2024, Griffin Funding has funded over $3.6 billion in loan volume to more than 8,000 clients. The company has also been recognized on the Inc. 5000 list of fastest-growing private companies in America for five consecutive years.
Market positioning
Griffin Funding is positioned as a direct-to-consumer national mortgage lender that caters to underserved markets. They have carved out a niche by focusing on borrowers who may not qualify for traditional mortgages, such as self-employed individuals and real estate investors. Their market position is that of a specialized, technology-driven lender in the non-QM and VA loan space.
Geographic focus
Griffin Funding is a national lender and operates in multiple states across the US, including Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Maryland, Michigan, Montana, Tennessee, Texas, Virginia, and Washington.
Patents and IP
No publicly available information on patents.
About Bill Lyons
Bill Lyons is the Founder and CEO of Griffin Funding, a mortgage lending company specializing in VA loans and non-QM loans. He is also the Founder and CEO of Revestor, a real estate investment data company. His prior experience includes serving as President and Broker at Lyons Realty, giving him a strong background in real estate and mortgage technology.
Official website: https://griffinfunding.com/