The Sberbank-backed online lender has announced the appointment of a new chief executive alongside its latest round.

LendingHome, a US-based online mortgage lender backed by financial services firm Sberbank, has closed a $75m series E round led by alternative asset manager Benefit Street Partners.

Founded in 2013, LendingHome began as an online mortgage marketplace but later expanded its offering to include its own lending products, and has originated over $6bn of loans to date for professional and first-time real estate investors.

The company has also appointed Michael Bourque as chief executive, replacing co-founder Matt Humphrey, who will…

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