- Brace, a Los Angeles, CA-based digital mortgage-servicing platform, raised an additional $15.7M in Series B funding
- Then the round, which brought total funding to over $30m, led by Canvas Ventures with participation from existing major investors Point72 Ventures and Crosslink Capital
- The company will also use the new funding to expand its team, broaden the suite of services it offers, and bolster future product initiatives
- Brace has seen tremendous growth in 2020, adding a number of the largest mortgage servicers to its client base
- Brace developed a modular, digital platform for mortgage servicing that also improves the customer experience
- In 2020, the company received a No-Action Letter (NAL) Template from the Consumer Financial Protection Bureau (CFPB) that its customers can utilize to obtain their own NAL
