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This Fintech Unicorn Hit A $2.3 Billion Valuation To Bring AI To America’s Mortgage Market
The biggest pile of consumer debt in America isn’t sitting on credit cards or student loan balances. It’s in our homes. Americans owe $13 trillion on their mortgages, which makes up nearly 70% of all consumer debt. Every month, billions in interest and principal payments must be collected, tracked and divvied up among lenders, investors, insurers and the IRS. Yet the industry tasked with handling it all, called mortgage servicing, still runs largely on out-dated technology and tedious human labor. The result: billions of wasted dollars, and human hours. In 2025, the Consumer Financial…
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