Loancrate

About Loancrate

Loancrate builds AI-native tooling to automate mortgage workflows for home lenders. Founded in 2020, the company addresses the inefficiency of legacy mortgage origination systems by automating complex workflows that currently cost lenders over $11,000 per loan origination. Their platform has enabled customers to power over $85 billion in new home loans since inception. Loancrate's ultimate goal is fully automated loan origination, which has the potential to save the lending industry over $16 billion in annual operating expenses. The company serves the mortgage lending industry with a focus on simplifying home-buying for both lenders and borrowers.