Dan Snyder, CEO of Lower, discusses the company's pivot from bootstrapped beginnings to becoming a major player in mortgage lending. With a focus on leveraging technology, Lower aims to simplify the home financing process through its proprietary platform, LowerOS, especially benefiting younger buyers. Snyder shares insights on the importance of securing venture capital to fuel growth, exemplified by their $100 million Series A round, and how the acquisition of NeatLabs has positioned Lower for a tech-driven future, emphasizing a more accessible homeownership experience.
"We're not just building a mortgage company; we're creating a comprehensive platform. It will make homeownership more accessible, especially for younger buyers."
"If you're going to raise money, it's about fueling growth and getting on the radar of other investors."
"We needed a complete tech stack to control our destiny."
Snyder's journey offers valuable lessons in leadership and innovation, highlighting how to navigate the challenges of a volatile housing market.
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