The problem
Lenders lose money and time on slow, manual mortgage processing in old systems
What they do
Mortgage loan-origination system where staff and AI agents process loans together
Traction Revenue up 12x+ in 12 months; Pennymac cut origination costs 25%
Hiring trend
- Open roles
- 12
- Ops roles
- 2
Customers +50% in 12 mo (company); 12 open roles
Hiring in
- United States
- Remote
Funding
- Last round
- $30M
- Stage
- Series B
- Date
- Oct 2026
Led by Conversion Capital
- Hiring+1.512 open roles on the live job board (10–29 roles = +1.5)
- Funding recency+1.5Series B · $30M, Oct 2026 (this month): 6 months or less = +1.5
- Traction+1.5Strong growth: Revenue up 12x+ in 12 months; Pennymac cut origination costs 25%
- Red flags0None found in the last 24 months
- Total4.51.5 + 1.5 + 1.5 − 0 = 4.5 → Race (4.25–4.74)
Distance (10K) is a separate read on how long the lead can last. It doesn't change the score.
Distance
10K · edge: hard to leave
Core loan system is hard to replace, but ICE's Encompass already runs about half of US mortgage lending.
Sources: Vesta: $30M Series B (Oct 2026) ↗ · The LOS Directory: Encompass profile ↗ · National Mortgage News: How LOS preferences differ by lender type (Sep 2025) ↗
Open ops roles · 2
Last checked Oct 25, 2026