Vesta Raises $30M to Scale AI-Driven Mortgage Loan Origination
AI-native software startup Vesta has raised a $30 million funding round led by Conversion Capital. The company uses AI agents to automate mortgage loan origination, helping lenders reduce processing time and costs. With revenue up 12x year-over-year and over $85 million in total funding secured, the firm is expanding its market share and developing new product lines like a personal assistant for mortgage issuers. Vesta's technology allows customers to deploy AI agents that handle tasks ranging from loan review to underwriting decisions. The company claims these tools can significantly reduce delays caused by human bottlenecks in the process. Vesta competes with traditional systems such as ICE Mortgage Technology and other AI-native startups like Xpanse, leveraging its architecture specifically built for AI agent integration. The CEO emphasized that while AI agents assist in decision-making, lenders remain responsible for underwriting decisions, which are fully auditable to ensure compliance. The company plans to expand further within the mortgage industry before exploring new markets.
Topics: AI Fintech Innovation Mortgage Lending Series B Financing