Leading U.S. subservicer Valon, backed by WestCap, accelerates innovation and growth
Valon, a rapidly growing innovator in mortgage servicing, today announced it has secured $100 million in a Series C funding round led by WestCap, with participation from both new and returning investors. This fresh injection of capital marks a pivotal moment for the company, transitioning it from an emerging startup to a recognized leader in the mortgage industry. The funds will enable Valon to accelerate the development of its modern, vertically integrated mortgage servicing platform, aimed at transforming an industry burdened by outdated systems.
Valon was founded to address the critical need for accurate and streamlined mortgage servicing data, an issue that founder and CEO Andrew Wang experienced firsthand during his time as a mortgage trader. “Interpreting noisy data from legacy servicing systems led to inefficiencies that hindered the proper valuation of mortgage assets and fair treatment of homeowners,” said Wang. “We set out to overhaul the core system, creating a robust, modular platform that could evolve with changing regulations and deliver accuracy where it matters most.”
The platform’s capabilities have resonated with the market. Valon now services over $65 billion in mortgages, representing 400% year-over-year growth, and has swiftly risen to become one of the top 15 subservicers in the U.S. Valon’s cutting-edge technology is driving stronger margins and an enhanced homeowner experience compared to traditional platforms, positioning the company as a clear leader in the industry.
A Path to Modernization and Impact
The newly secured funding will be directed toward advancing Valon’s technology, including the rollout of new products and features. With an expanding client base and increasing expectations, Valon is poised to continue its mission of bringing mortgage servicing into the modern era.
“Our goal is to make a meaningful impact on the lives of the homeowners we serve,” added Wang. “Mortgage servicing plays a crucial role in every homeownership journey, and homeowners have consistently shared their frustrations with existing systems. Valon is changing that, delivering a positive, seamless experience while setting a new standard in the industry.”
Capturing a $100 Billion Market Opportunity
Valon’s growth comes at a time when the mortgage servicing market presents vast opportunities. Valon has only begun to tap into the $100 billion market, and with this latest capital raise, the company is well-positioned to scale its operations and seize emerging opportunities. The company’s commitment to innovation and efficiency continues to attract attention from both clients and investors, signaling its long-term potential to reshape the mortgage servicing landscape.
With the support of WestCap and other key investors, Valon is entering its next chapter of growth with renewed momentum and a clear vision for the future.
