Loancrate

Loancrate is a mortgage technology company founded in 2020 and headquartered in Los Angeles, California. It builds software for the mortgage lending industry, an area still heavily dependent on manual document review and underwriting work. Its central product is the Loancrate Loan Origination System (LOS), an AI-native platform designed to streamline the origination process for lending teams.

The system handles a range of tasks that have traditionally been performed by hand. Documents are validated against agency guidelines at the moment of upload, then automatically categorised and renamed. Loan conditions are created automatically based on data extracted from those documents. The platform is also built to keep loans in sync with TRID, RESPA, ATR/QM and other regulations, with transparency and compliance monitoring built in. The underlying AI is trained on thousands of hours of real-world mortgage scenarios.

Technical work at the company spans artificial intelligence, machine learning, document intelligence, natural language and document processing, automation and compliance technology. The stated aim of the product is to reduce manual work and minimise errors, allowing lenders to scale their operations without adding overhead.