Lights Out: Rising Mortgage Star Sindeo Announces Unexpected Shutdown

To the surprise of many, four-year-old technology-based mortgage company Sindeo announced the shuttering of its doors on Tuesday evening. Hailing from San Francisco, the company sprung up in 2013 with the intention of changing the way consumers shop for mortgages. Founded by Ori Zohar and CEO Nick Stamos, the start-up secured more than $15 million in seed money and hit the ground running.
“Nearly every part of the real estate process has been transformed by technology except for home finan