Envoy Mortgage (“Envoy”) is a well-capitalized independent, full-service mortgage lender headquartered in Houston. The company was founded in 1997. Envoy is currently licensed in 49 states and possesses a national presence as a mortgage lender with the ability to support and service a variety of loan products throughout the mortgage life-cycle. Envoy originates over $4 billion of new residential mortgages annually.
Given Platform’s long-term investment horizon and experience investing in financial services, we believed the mortgage industry presented a unique opportunity with attractive industry dynamics and reached out to the Envoy team in 2015 to discuss a potential partnership and closed our investment in May 2017.