Alternative financer secures $90M round

Alternative financing models, or iFunding, in which lenders provide innovative ways to streamline the homebuying process, have become extremely popular with investors, and startups., which helps buyers submit all-cash offers after qualifying for a mortgage, is the latest iFunder to raise a large round. Just this May, another iFunder, Homeward, raised $371 million. Investors and startups are hoping these iFunding models will get traction and lead to simplified, speedier transactions, and betting big.