Vesta raises $30M to bring swarms of agents to mortgage lenders

Vesta, an AI-native software startup that helps lenders originate mortgages, announced on Thursday that it raised a $30 million round led by Conversion Capital.

The startup uses AI agents to automate much of the loan origination process, which, the founders say, helps lenders reduce the time and costs of processing mortgages. Three of the company’s customers, including Pennymac and New American Funding, also invested in the round alongside Citi Ventures and Andreessen Horowitz.