Vesta raises $30M to scale AI agents built for mortgage lenders

Vesta, an AI-native software startup that helps lenders originate mortgages, has raised a $30 million round led by Conversion Capital. What Vesta actually does Vesta builds a loan origination system, or LOS. Think of an LOS as the central nervous system of a mortgage lender. It is the software where loan data, borrower documents and approval workflows all live. Every application passes through it, from first submission to final funding. Vesta’s version is designed around a mix of AI agents and human staff. The agents take on tasks like reviewing documents and making underwriting decisions. Humans step in when something falls outside the normal pattern. The company was founded in 2020 in San Francisco by Mike Yu, who serves as CEO, and Devon Yang, who serves as CTO. Its stated focus is modernizing mortgage workflows through automation rather than layering new tools onto old manual processes. The numbers behind the pitch Lenders saw origination costs fall by up to 25% in 2026, according to the company’s reported figures. AI agent usage on the platform grew by 988% over three months in 2026. Vesta’s customer and partner list includes some recognizable names in mortgage lending. The co...