Orchard valued at over $1B with latest funding round

IFunder Orchard, which provides brokerage, mortgage and title services to homebuyers and sellers, raised $100 million in a Series D fundraising round. The company provides cash-backed offers on behalf of homeowners buying a new home for a 6 percent fee. The funding indicates the sustained interest and attractiveness of the alternative real estate financing models cropping up, which include iBuyers and a growing number of alternative financing models.