RetroRate, a startup focused on making assumable mortgages easier to find and evaluate, has raised $2.2 million in seed funding.

The platform allows real estate agents to find assumable loans through MLS data and guides them through a complex approval and closing.

By streamlining this process, RetroRate aims to make assumable mortgages more accessible and actionable, said CEO Andy Taylor, who previously served as director of product at Redfin from 2009 to 2015.

“There is enough of this (assumable loan) volume out there, and we really proved that to ourselves by pulling this data together,” he said. “What we’re details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com