PennyMac - 44 Competitors and alternatives in Jun 2024 - Tracxn (2024)

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PennyMac - 44 Competitors and alternatives in Jun 2024 - Tracxn (1)

Provider of securitization, acquisition, and servicing of residential mortgage loans

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Competitive Landscape of PennyMac

Rank

12th

Among 60 Competitors

Active Competitors

44

7 Funded / 1 Exited / 1 Acquired

Funding of competitors of

PennyMac

$248M

25 Funding Rounds

Top 10 competitors of PennyMac, ranked by Tracxn score:

Filter this list

1. SmartAsset

Online comparison platform for financial products

unicorn

Founded Year
2012

Funding
$161M
Location
New York City (United States)
Investors

SV Angel, North Bridge Venture Partners

and25 Others

Stage
Series D
Tracxn Score
60/100What is this?

Online comparison platform for financial products. It uses data to provide advisory services for financial decisions on multiple financial products including home buying, retirement, life insurance, student loans, refinance, credit cards, and checking accounts. It uses a decision engine and optimization tool that measures the efficacy of different strategies, quantifies the true cost of financing alternatives, and recommends specific financial products based on their suitability and cost to user's specific situations.

2. Own Up

Provider of a comparison platform for residential mortgage loans

minicorn

Founded Year
2004

Funding
$52.2M
Location
Boston (United States)
Investors

Alumni Ventures, Techstars

and10 Others

Stage
Series B
Tracxn Score
57/100What is this?

Provider of a comparison platform for residential mortgage loans. It offers home loans from multiple lenders on the basis of requirements. It helps the users to connect with mortgage lenders.

Founded Year
2018

Funding
$15M
Location
New York City (United States)
Investors

FirstMark, Clocktower Technology Ventures

and3 Others

Stage
Series B
Tracxn Score
51/100What is this?

Simplist is an online comparison platform for mortgage loans. Users need to submit the required details to apply for a loan and based on the requirements, they are provided with loan offers from multiple lenders. They can choose a lender, order their appraisal, upload documents, and lock the loan rate and close the loan through the platform.

4. Taygo

Developer of a SaaS-based solution to sell via Facebook messenger

Founded Year
2016

Funding
$4.13M
Location
Palo Alto (United States)
Investors

Global Catalyst Partners Japan, 4D Capital

and2 Others

Stage
Series A
Tracxn Score
30/100What is this?

Developer of a SaaS-based solution to sell via Facebook messenger. It allows e-commerce companies and ordering platforms to sell their products and services on Facebook messenger. The company helps businesses in app development, catalog management, targeted advertising, lead generation, and customer review and feedback management. It also tracks the sales, reservations, and orders generated and provides analytics based on the social media engagement of the customers. Users are priced per month depending on the features offered.

5. Planwise

Comparison platform for mortgage loans

Founded Year
2011

Funding
$1.09M
Location
San Francisco (United States)
Investors

Second Century Ventures, REACH

and4 Others

Stage
Deadpooled
Tracxn Score
30/100What is this?

Planwise is a comparison platform for mortgage loans. It provides tools that allow users to plan the home buying life cycle. It integrates financial tools that calculate the monthly cost for the home in real-time. It also compares the financial liability of users' personal financial situation and then advises on the affordability.

PennyMac - 44 Competitors and alternatives in Jun 2024 - Tracxn (13)

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6. Bundle

Online comparison platform for residential mortgage loans

Founded Year
2018

Funding
$850K
Investors

Charlotte Angel Fund, Super Angel

and6 Others

Stage
Seed
Tracxn Score
30/100What is this?

Online comparison platform for residential mortgage loans. It enables users to compare mortgage loans from different banks and lenders. Comparisons are offered on the basis of loan terms, mortgage prices, interest rates, and more. It also provides comparisons for the refinancing of mortgage loans.

7. VA Loan Captain

Comparison platform for mortgage loans

Founded Year
2011

Funding
$10K
Location
Winston-salem (United States)
Investors

Second Century Ventures, REACH

and2 Others

Stage
Deadpooled
Tracxn Score
29/100What is this?

VA Loan Captain is a comparison platform for mortgage loans. It offers comparison for first-time mortgage loans, refinancing mortgage loans, and more. It provides veterans and service members with a platform for the government-backed home loans. Users can access the comparison shop for loans from multiple lenders.

8. Homium

Financial services company that transforms home equity into an investable asset class

Founded Year
2018

Funding
$10M
Location
New York City (United States)
Investors

Blizzard, Sorenson Impact

and2 Others

Stage
Series A
Tracxn Score
27/100What is this?

Homium is a financial services company that aims to transform home equity into an investable asset class. They offer a shared appreciation loan product that allows homeowners to "sell" a portion of their home's appreciation instead of charging interest. Homium helps homeowners unlock trapped home equity and offers a private digital security backed by pooled, on-title shared ownership.

9. ERATE® MortgageRates

Rate comparison and marketplace for mortgage loans and refinancing

Founded Year
1992

Stage
Unfunded
Location
Santa Clara (United States)
Tracxn Score
23/100What is this?

Erate offers online quotes from various mortgage loan providers. It also deals in savings accounts, home equity loans and refinancing. It began as a prime-only mortgage brokerage and transitioned into a consumer resource site, and claims to provide unbiased information.

10. ICanBuy

Mortgage rate comparison platform

Founded Year
2006
Investors

Think+

and1 Other

Location
Santa Ana (United States)
Tracxn Score
22/100What is this?

Stage
Acquired

Icanbuy is an online platform for users to compare different mortgage loans available to them based on their own credit profile. Users can apply online and fill up their financial and credit information, and based on the information the platform would list the mortgage loans along with the lender information which users can compare and take a decision.

View details of PennyMac competitors

PennyMac - 44 Competitors and alternatives in Jun 2024 - Tracxn (24)

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Competitor Analysis of PennyMac

How much funding have PennyMac's competitors raised?

PennyMac

's competitors have raised a total of

$248M

funding across 25 funding rounds

. See the distribution of funded competitors of

PennyMac

below.

Company name

Total Funding

Founded Year

SmartAsset

$161M

2012

Own Up

$52.2M

2004

Simplist

$15M

2018

Taygo

$4.13M

2016

Planwise

$1.09M

2011

View all PennyMac Competitors here

Frequently asked questions about PennyMac's competitors

Where does PennyMac rank among its competitors?

PennyMac

ranks

12th among

60

competitor

s

.

Competitor

s

include SmartAsset,

Own Up and

Simplist

How many competitors does PennyMac have?

PennyMac

has 60 competitors, of which 44 are active

, 7 are funded and 1 have exited

.

Who are the newest competitors of PennyMac?

The newest competitor

s

of

PennyMac

are

Hard Money Experts,

Lestimator and

Ohio Home Mortgage Group.

1.8M+

Entities

1,800+

Feeds

40K+

Taxonomy Nodes

1,000+

Reports every quarter

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PennyMac - 44 Competitors and alternatives in Jun 2024 - Tracxn (2024)

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