Today, we are announcing a $100 million investment in Celligence and AngelAi by Mortgage Treasury.
We were building AI long before AI was fashionable, because I believed there was a problem worth solving: How do you make access to credit faster, fairer, and less expensive?
The average mortgage lender spends roughly $5,000 just to manufacture a loan. At Sun West Mortgage Company, where AngelAi has been operating since 2019, we’ve brought that cost below $125. We’ve funded more than $40 billion in transactions, helped more than 200,000 families, and built a platform now used by more than 415,000 users.
The investors have known us for years. They tested the technology, studied our financials, got to know our engineers, and watched AngelAi perform in the real world. They had already committed $1 billion to purchase mortgages originated through AngelAi and Sun West.
Now they are investing directly in AngelAi, allowing us to bring the cost savings we’ve proven to more lenders and borrowers. We call AngelAi the “Home of Fair Lending” for a reason.
That’s me and Tomoyuki Nakano, Board Member of Mortgage Treasury, below. Thank you for the partnership!
@angelai_com
ALT Today, we are announcing a $100 million investment in Celligence and AngelAi by Mortgage Treasury.
We were building AI long before AI was fashionable, because I believed there was a problem worth solving: How do you make access to credit faster, fairer, and less expensive?
The average mortgage lender spends roughly $5,000 just to manufacture a loan. At Sun West Mortgage Company, where AngelAi has been operating since 2019, we’ve brought that cost below $125. We’ve funded more than $40 billion in transactions, helped more than 200,000 families, and built a platform now used by more than 415,000 users.
The investors have known us for years. They tested the technology, studied our financials, got to know our engineers, and watched AngelAi perform in the real world. They had already committed $1 billion to purchase mortgages originated through AngelAi and Sun West.
Now they are investing directly in AngelAi, allowing us to bring the cost savings we’ve proven to more lenders and borrowe