Vesta

The AI-powered LOS provider secures new funding after Pennymac reported a 25% reduction in operational origination costs, with plans to expand the technology into its broker-direct channel

The lender is adding customer-facing agents across originations and its $73 billion servicing portfolio, but has not disclosed which transactions will be automated or when deployment begins

Announces strategic equity stake, deployment of Vesta’s cloud-native LOS

Lenders can now view quotes and order risk-based mortgage insurance via the Vesta LOS platform.

Allows for instant access to millions of income and employment records.