Brace is a digital mortgage-servicing platform developing a full suite of digital solutions to service non-performing mortgage loans.
Brace is built on the idea that there must be a more transparent and efficient way to service borrowers in times of need and hardship.
Brace was founded in 2017 by Eric Rachmel. The company is headquartered in Santa Monica, California, with an office in New York.
Brace has built the first-ever fully integrated workflow automation software solution that streamlines delinquent mortgage servicing. The software streamlines content and messaging while reducing errors and accelerating the decision making process.
Brace improves communication and transparency among homeowners, servicers and investors. Importantly, Brace’s platform automates workflows to ease decisioning among these core constituencies.
Brace is backed by Point72 Ventures, Crosslink Capital, Canvas Ventures, Revolution’s Rise of the Rest Seed Fund, 8VC and others. The company raised $15.7M in Series B round on Jan 12, 2021. This brings Brace's total funding to $30.7M to date.