loan-automation
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Tomo Cut Mortgage Fees to Zero - Then the Rate Shock Tested the Whole Bet
Two former Zillow executives raised a startling $70 million before proving their digital lender at scale. A brutal mortgage winter forced the sharper idea: use software to strip cost from the loan, show the price upfront, and make trust the product.
Morty
Morty is a New York-based mortgage technology company that builds the software infrastructure behind independent mortgage businesses. It began in 2016 as a digital mortgage marketplace connecting first-time homebuyers with competing lenders, then evolved into a full-stack platform offering a loan origination system, embeddable pre-approval and pricing tools, a multi-lender network, built-in compliance infrastructure, and Rosey, an AI assistant that automates document and asset verification. The company has facilitated more than $2 billion in home loans and powers loan officers and brokerages across nearly all U.S. states.
Loan Factory
Loan Factory is a San Jose-based mortgage brokerage and fintech company that shops a single loan across 240+ wholesale lenders to find the lowest rate, then runs the whole process on MOSO, its in-house, AI-assisted mortgage platform. Founded in 2006 by Vietnamese immigrant Thuan Nguyen - twice named the #1 loan officer in the United States - it has grown into the country's second-largest mortgage broker, with more than 2,000 licensed loan officers across 48 states and over $16 billion in funded volume.