Spruce CEO & Co-Founder Named 2019 HousingWire Rising Star


We're thrilled that our CEO and Co-Founder Patrick Burns is part of HousingWire's class of 2019 Rising Stars.The Rising Stars represent the best young leaders in the mortgage industry. They help run major corporations, and are the entrepreneurs building tomorrow’s great businesses. They work in any and every area of the housing economy: lenders, servicers, investors, and real estate. They come from diverse backgrounds but share one common trait: an outsized impact on the industry and their businesses. All of this – and they are under 40 years old! These are the shapers of our industry – the leaders of tomorrow, and of today.

Patrick Burns
Spruce CEO & Co-Founder Patrick Burns

Under Patrick’s leadership, Spruce has grown to a team of more than 50, raised $20 million in investment from leading investors including Bessemer Venture Partners, Omidyar Network and Collaborative Fund and opened two new offices in Texas and California – all in a little over two years.


“By taking at least three customer calls a day, I stay tuned into our customer’s needs, pain points and success stories! This helps me make better high level decisions on everything from the product roadmap––such as new features to prioritize and optimize––to deciding where we need to hire or provide training to improve the customer experience. One of our core values at Spruce is collaboration.” Patrick Burns

Last year, we also introduced Spruce’s digital closing dashboard, taking a big leap towards making real estate transactions more amazing for everyone involved. Homebuyers can read closing documents on their own time, directly link their bank account to pay closings costs, rather than dealing with risky wires or paper checks and schedule a mobile notary to sign closing documents on their schedule and at a place that’s convenient for them. On the heels of these product enhancements and the team’s commitment to a customer-centric experience, Spruce had 20% month-over-month transaction volume growth last year.

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