Business
Sortis Holdings Carves Out Niche in Fintech
Sortis Holdings Carves Out Niche in Fintech.
About this update from Sortis Holdings, Inc.
[{"type":"text","content":"\n \n For the past 12 months, Sortis Holdings Inc. (OTC Pink:SOHI) has been \n quietly amassing a suite of promising financial technology investments. \n Fresh off the sale of its MBank asset in early 2017, Sortis has followed \n through on its plan to become a fintech-focused investment company that \n accelerates the pace of disruption in financial services.\n \n \n A Nationwide Online Lender\n \n \n Sortis Holdings’ first deal was the acquisition of Texas-based \n Clearspring Loan Services in early 2017, which laid the foundation for \n the creation of a nationwide online lending platform. Clearspring is \n licensed to service loans and collect debt in 50 states and to originate \n loans in 45 states. Sortis Holdings has provided a team of experts in \n technology, banking, mortgage and compliance to assist in scaling the \n lending platform. With decades of hands-on experience in the mortgage \n and finance industries, Sortis Holdings’ knowledgeable team has \n positioned the platform – recently rebranded and relaunched as Sortis \n Financial, Inc. – for growth.\n \n \n A Private Lending Platform for Real Estate Investors\n \n \n In 2017 Sortis Holdings partnered with Missouri-based Liquid Logics with \n the aim of creating a scalable cloud-based private mortgage lending \n platform specifically for short-term real estate investors needing \n capital for fix and flip, fix and rent, residential non-owner \n transactions, and small balance commercial loans. Sortis has now \n integrated the Liquid Logics technology into the Sortis Financial \n platform (sortis.com/borrow/property-investors). \n In addition to capital, real estate investors gain access to Sortis’ \n deep experience in financing, strong relationships across the spectrum \n of lenders, and a host of other advantages via a cloud platform that \n enables borrowers to complete the mortgage loan process efficiently.\n \n \n A Zero-Fee, Zero-Interest and Zero-Hassle Medical Payment Technology\n \n \n Sortis Holdings entered a joint venture with Kansas City-based Mobile \n Capital Group to form medZERO Inc., which recently launched medZERO, a \n mobile lending platform that provides instant cash for medical \n deductible costs at no-interest and no-fees. Additionally, Sortis will \n lead the current funding round for medZERO Inc. The t...