InstaMortgage, a tech-driven mortgage lender licensed in 26 states, today announced it ranked 110 on the Deloitte Technology Fast 500tm, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year.
Technology Fast 500tm award winners must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies are selected based on percentage fiscal year revenue growth from 2017 to 2020. InstaMortgage grew by 1,331% during that period. InstaMorgage was the only mortgage company named to the list and earned a place above household names such as Zoom, Square, Pinterest and Etsy.
For this award and the rapid growth, Shashank Shekhar, chief executive officer of InstaMortgage, credits his team and the company's three pillars of focus - People, Culture, and Technology. He said, "This dramatic growth has been built on the culture of legendary customer service and unrelenting focus on education. We are in the customer service and education business, we just happen to do mortgages."
InstaMortgage has grown rapidly by taking a tech-first approach and challenging the status quo across all facets of the business. Earlier this year, the company was named to the prestigious Inc 500 list of the fastest-growing private companies in America. InstaMortgage was also named #1 on the list of fastest-growing private companies in Silicon Valley by Silicon Valley Business Journal publication.
"Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception," said Paul Silverglate, vice-chair, Deloitte LLP, and U.S. technology sector leader.
"These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology," said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media, and telecommunications within Deloitte's audit & assurance practice.
Please visit www.instamortgage.com to learn more about the radically different mortgage experience.
About the 2021 Deloitte Technology Fast 500tm
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies ? both public and private ? in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Originally founded in 2008 by Shashank Shekhar as Arcus Lending, the company rebranded as InstaMortgage in 2021. InstaMortgage aims to provide a radically different mortgage experience to its clients across 26 states. The company has been named to the Inc 500 list of fastest-growing private companies in America. By combining their superior technology with expert advice, excellent customer service, and competitive rates they deliver mortgage options that are tailored to each client's unique financial situation. InstaMortgage, dba Arcus Lending Inc, NMLS 1035734
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