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Buffalo, New York-based startup LenderLogix has secured additional funding to help it build out its platform CRA Analytics, which aims to boost mortgage lending in low-income communities nationwide. So reports The Buffalo News.
The Western New York Impact Investment Fund was set to invest $500,000 in LenderLogix.
LenderLogix CEO Patrick O’Brien said that CRA Analytics could influence where mortgages are originated by pointing banks toward opportunities in underserved communities.