News



BOCA RATON, FLORIDA - APRIL 22, 2019

BlockGen Corp, a newly formed holding company for LendGenuity is pleased to announce the completion of its first round of venture capital financing of Series A Preferred Stock. Cavatina Capital LLC led the transaction alongside Charterhouse Strategic Partners.

LendGenuity is a technology software provider to the US mortgage industry. LendGenuity’s newly released SAAS platform provides lenders a fully integrated end-to-end solution, sharing one data base across all origination components: A consumer portal (POS) empowering borrowers with unparalleled control of the origination process, a loan origination system (LOS) based on sequential and dynamic task management to efficiently coordinate processing and closing functions and a fully customizable rules based product, pricing and decision engine (PPE) making credit risk management, interest rate risk management and best execution a frictionless process. LendGenuity’s all-digital SAAS platform stands out in the marketplace by operating across all mortgage origination channels and lending products including NQM with all three technology components developed with the same code-DNA.

“The release of the LendGenuity POS+LOS+Eng software comes at a very unique time in the evolution of mortgage technology. Not only does the LendGenuity platform offer lenders best in class, cloud-based technology, it is affordable and easy to configure. The opportunity to bring this technology to market with the right financial resources, leadership team and shared vision is extremely exciting,” said Nelson Haws, Founder and President of LendGenuity.

“LendGenuity represents an exciting opportunity to invest alongside an innovative management team who has developed a unique SAAS platform to address an extremely large market. We look forward to working with Nelson as he continues to grow the business and develop an expanded suite of services for the mortgage industry” said Thomas C. Dircks, Managing Director of Charterhouse Strategic Partners. Mr. Dircks will become a member of BlockGen’s Board of Directors.

“We are really excited about entering the mortgage tech space through LendGenuity and its Founder Nelson Haws. Over the past twenty years we have witnessed some of the greatest technological advancements of our life time yet mortgage industry costs have doubled and technology has done nothing but complicate this process through disparate system usage. We believe LendGenuity is the answer to this problem and look forward to working closely with Nelson and his team in getting this out to market” said Bill Roy, Founder of Cavatina Capital LLC. Mr. Roy will become a member of BlockGen’s Board of Directors.

About Charterhouse Strategic Partners
Charterhouse Strategic Partners invests in North American based growth companies. The principals of Charterhouse Strategic Partners, while at Charterhouse, invested over $2 billion of institutional equity capital over the past 30 years and bring decades of board room experience to their portfolio companies having served as Chairman, former CEOs and Directors of various public and private companies. The firm invests its own capital into businesses it believes are able to create long-term value in growth markets.

About Cavatina Capital LLC
Cavatina Capital is a strategic investment fund focused on blockchain technology and other financial services related companies. At the forefront of Cavatina’s investment opportunities is the Mortgage Blockchain, an initiative the fund initiated in late 2017. Bill Roy, the Founder of Cavatina Capital, has invested in the mortgage and financial markets for over 30 years. The funds strategy is to identify early stage market opportunities, seed those opportunities and take an active role in the management process.