Own Up CEO and co-founder Patrick Boyaggi used to be a mortgage banker. Yet when it was time for him to take out his own mortgage, he didn’t do it at the bank he worked at. His experience working in the lending industry meant that he knew when he was getting a good deal, and he looked around until he was confident he was getting one.
Most of us who take out mortgages aren’t mortgage lenders. But that doesn’t mean we can’t get an expert opinion.
Boyaggi co-founded Own Up with Mike Tassone and Brent Shields, to help potential borrowers find the right mortgage. Borrowers create a personal profile and then get paired with a home advisor who will help them compare different loans. Own Up says that, on average, it saves customers $20,000 on the life of their loan.
On Tuesday, Own Up announced its $14.9 million Series A, led by Boston-based Link Ventures.
Own Up plans to use the new funding to grow its small team, with an emphasis on hiring for engineering, marketing and customer support positions. Right now, Own Up has 29 full-time employees.
The company also plans to use the money to expand its business to more states. Own Up operates in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Florida, but it hopes to serve 15 additional states by the end of 2020.