Asking the “Hows” + “Whys” Leads to A Life of Entrepreneurship
Omar Jordan was not excited about continuing a career path in corporate America and as an immigrant without a college degree, he didn’t have a plan B. Omar lives with the principle that failure is just information one needs to do things differently next time around. So, he created his own career path. LenderClose is his fifth entrepreneurial project since 2009, and as a tinkerer, he is interested in the “why” and the “how” of everything around him.
After the financial and mortgage downturn of 2008, and the formation of the consumer financial protection bureau (CFPB), lenders became desperate for technology to help navigate the maze of compliance and the balance of borrower experience. That’s how Jordan began the journey of creating LenderClose. An idea that took the company from a single founder to now more than 75 employees.
With a strong leadership team, Jordan’s minute-by-minute or day-to-day decision-making has decreased so his workdays can include a few meetings, one-on-ones with leadership team members and weekly executive leadership meetings on organizational strategy and execution. Through the company’s amazing talent and the power of empowering the people, Jordan gets to see the vision come to life as ideas are turned into outcomes. He works hard on getting out of the way and empowering talent to create, innovate and build, which they’ve done a great job at — the numbers speak for themselves!
The company has grown immensely in the past three-to-four years. Now, team LenderClose is focused on continuing to scale the business and positioning the company for even bigger year-over-year growth. Nearly 450+ banks and credit unions are now on the LenderClose platform, with plans to onboard an additional 200+ in 2023. The impact LenderClose’s technology has brought to credit unions and banks across the country is a constant motivation to continue innovating to enhance the borrower’s experience.
Jordan gives credit to the ecosystem of support in our community. There are a tremendous number of people in the Greater Des Moines (DSM) community that want LenderClose and other Iowa-based companies to succeed. Jordan has found cheerleaders through the Greater Des Moines Partnership, local senators, Governor Kim Reynolds and so many investors and fellow entrepreneurs. The region doesn’t have a shortage of individuals who are willing to step-up, take a meeting and give advice or mentor.
Omar concluded that LenderClose has some major and exciting announcements coming at the beginning of 2023, so stay-tuned and cheerlead!
A B2B FinTech company with over 450 (and growing) banks and credit union customers, LenderClose is a technology platform for home equity lending automation.
Founder: Omar Jordan
Industry: Finance, Tech | DSM County Location: Polk County
firstname.lastname@example.org | lenderclose.com
LenderClose was recognized by Inc. 5000 for its 1117% growth in the past three years. We came in at #1 in Des Moines, #2 in Iowa, #45 in Financial Services/Technology and #564 out of 7 million submissions.
LenderClose was recognized by NACUSO as a top innovative technology provider for credit unions in the country by the national association of credit unions organizations.
One Piece of Advice from Another Local Entrepreneur
“Don’t forget to stop and smell the roses every now and then.” – Sean McMurray
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The Greater Des Moines Partnership celebrates the Greater Des Moines (DSM) entrepreneur community and helps small businesses succeed with one-of-a-kind resources and opportunities for networking. Find out how other entrepreneurs have found success by reading their stories and attending local small business events in the region.