Vesta Raises $30 Million to Scale its AI Agents Across Mortgage Lending

Vesta, an AI-native mortgage loan origination system, led by Mike Yu and Devon Yang, has announced a $30 million Series B, led by Conversion Capital, with strategic participation from Pennymac, New American Funding, Citi Ventures, NBKC Bank, First American, and FirstKey Mortgage, as well as participation from a16z, Zigg, and Navitas, bringing the total funding to $85 million.

Vesta’s revenue has grown more than 12x in the past year, while customer numbers and headcount have increased by over 50%. Lenders using or transitioning to the platform originate more than $100 billion in loans annually. The new funding will support its mission to automate mortgage origination end-to-end.

Mortgage Is a Strong Fit for AI Agents.

Vesta argues that mortgage lending is well suited for AI automation despite its regulatory complexity and legacy systems. Mortgage origination involves repetitive document processing, coordination, and guideline checks, supported by established quality-control processes and measurable unit economics. Vesta’s AI agents are already handling application reviews, underwriting decisions, and closing-document checks, with approximately 40% of platform tasks completed through AI agents and automated workflows.

How Vesta Got Here.

Vesta spent nearly six years building a modern mortgage platform to overcome the limitations of legacy systems, which lack the flexibility and infrastructure needed for AI agents. After rebuilding the core platform and onboarding major lenders, the company is now positioned to integrate AI directly into mortgage workflows. Pennymac has reported 25% back-office efficiency gains, with a roadmap to automate 80% of its production workflows by the end of 2027.

What Comes Next.

Vesta aims to accelerate lender onboarding by using AI agents to learn operational procedures, analyze historical loans, and automatically configure workflows, reducing implementation timelines that currently approach a year. With less than 5% of the mortgage market on Vesta, the company sees significant room to expand as lenders adopt AI-driven origination. Its long-term vision is to reduce mortgage closing times, make more loan categories economically viable, and enable greater competition and accessibility, with a goal of supporting $1 trillion in mortgage originations over the next five years.