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Meet the Company Disrupting the Mortgage Business: Tactile Finance

 

Springboard is a highly-vetted expert network of innovators, investors and influencers who are dedicated to building high-growth, technology-oriented companies led by women. Since 2000, 537 women entrepreneurs leading enterprise software, digital media, life science, and other technology-facing companies have participated in the Springboard Accelerators and have raised $6.2 billion in financing, have created tens of thousands of new jobs, and generate billions of dollars in annual revenues.

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Today, we speak with Nicole Hamilton, Founder and CEO of Tactile Finance, a leading mortgage sales platform that provides transparency for both mortgage professionals and their customers.

Tell us about the product or service.

Tactile Finance builds solutions to help customers navigate complex financial products.  Our mission is to make complicated financial transactions easy to understand, transparent and speedy. Our current offerings are for the mortgage market.

How is it different?

Instead of providing mortgage solutions to either banks or to consumers, we elevate the quality of the interactions between consumers and banks, to mutual benefit. We make mortgage sales more efficient for banks while reducing their risk, and provide a much better experience and outcome for their customers.

What made you choose Springboard and how did it help you to accelerator your company?

I was told about the program by another entrepreneur. She said “you must apply”. At every stage, I was so impressed by the people associated with the program, the level of talent. It’s a group I am honored to be a part of.  They have an amazing network of people that continually help you up your game, get you to the next level.

What market are you attacking and how big is it?

Our industry is residential mortgage banking. $1.75 trillion in residential mortgages were originated in 2012.

What is the business model?

We have a stand-alone SaaS product, with recurring monthly fees, and an integrated enterprise version, with monthly fees, set up and integration costs.

What are the milestones that you plan to achieve within 6 months?

Continue to grow our user base, grow our team, and strategically expand.

If you could be put in touch with one investor in the New York community who would it be and why?

I think I’ll abstain from this one! There are so many great investors here. To pick one is to have to not pick another great one.

Why are you launching in New York?

There is the right access to customers and supply of financial industry talent. I can’t imagine being anywhere else.

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About the author: AlleyWatch

AlleyWatch is the destination for startup news; opinions and reviews; investment and product information; events reported, experienced, seen, heard and overheard here in New York. But it’s who we are that’s makes us different: we’re the writers and the entrepreneurs; the investors and the mentors; the lawyers and the marketers; the realtors and the recruiters – the people who work in the industry.

  • Brian

    Silicon Valley….always full of surprises. I am trying my best to optimize my personal finances as soon as possible. I think this is the first step in surviving in today’s market. I’ve come across a company called Credit Sesame, which is has been helping me do this for free. Very happy with them so far :)

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