LoanWorks

What LoanWorks does

LoanWorks is a San Diego-based AI-native mortgage broker operating as LoanWorks, Inc. (NMLS 2506079). The company is licensed across more than 40 U.S. states and originates mortgage transactions through a direct-to-consumer online application channel supplemented by a nationwide Loan Officer Directory of licensed professionals. Its product portfolio spans Agency/Conventional Conforming loans, Jumbo loans, Government (FHA, VA, USDA) loans, Reverse/HECM loans, Renovation loans, Non-Qualified Mortgages, and Home Equity/Construction financing, supported by a Loan Calculator Suite.

The technology foundation is the LoanWorks Production System, a unified production engine integrating lead management, guideline intelligence, structured intake, underwriting collaboration, pipeline oversight, and recapture strategy. Its flagship AI capability is AngelAi, an AI personal assistant that takes loan applications in minutes, processes files automatically, delivers underwriting decisions within hours, and supports closing in days. LoanWorks claims 97-100% process automation and 47-50% fewer loan declines than traditional lenders, with cost savings passed to customers through lower rates and APRs. In January 2026 the company became the first mortgage broker to fully integrate AngelAi into its core platform at the foundational workflow level, with companion mobile apps on Apple App Store and Google Play.

The business model is a transaction-fee mortgage broker: revenue is earned per closed loan, with no disclosed enterprise pricing tiers and no publicly disclosed funding rounds or revenue figures. The company is founder-led by CEO Troy Kennedy (ex-Wells Fargo Home Mortgage, MetLife Investors) and operates with 11-50 employees. Two distinct go-to-market motions run in parallel: a sales-led recruitment of experienced loan officers onto the Production System, and a direct-to-consumer self-serve application channel powered by AngelAi.

Name

LoanWorks

Legal name

LoanWorks, Inc.

Website

https://loanworks.ai

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Mortgage Brokerage

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Activities Related to Credit Intermediation (5223)

SIC

Loan Brokers (6163)

akta.pro primary industry

Bridge & Short-Term Real Estate Loan Intermediation (FSAEAEAG)

akta.pro secondary industries

Construction & Renovation Loan Intermediation (FSAEAEAF), Underwriting Automation & Income/Employment Verification (FSAGAHAD), Document Collection, eClose & eSignature (Mortgage Closing Tech) (FSALALAE)

Keywords

• Mortgage brokerage services
• AI-powered lending platform
• Residential loan origination
• Home equity financing
• Construction and renovation loans

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Others

Revenue model

1. Mortgage Brokerage Transaction Fees: LoanWorks operates as a mortgage broker earning transaction fees on completed loans. Process automation reduces operational costs, allowing passing of savings to customers through lower rates/APRs.
2. Interest Rate Savings Pass-through: Cost savings from AI-driven process automation are passed to customers in the form of lower rates and APRs, creating competitive advantage while generating broker revenue from loan transactions.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

LoanWorks is an AI-native mortgage broker that originates residential mortgage loans for consumers through a proprietary AI-driven platform. Its core offering combines the LoanWorks Production System (a unified lead-to-close production engine) with the AngelAi conversational AI assistant to deliver application intake in minutes, same-day underwriting decisions, and closings in days across products including Conventional, Jumbo, Government, Reverse/HECM, and Renovation loans. Loan officers nationwide join the platform to access AI-assisted workflows and produce loans against a comprehensive product menu.

Product overview

LoanWorks is an AI-native mortgage broker platform offering a comprehensive suite of mortgage products and services. The platform is built around the LoanWorks Production System™ as its core operating infrastructure, powered by the AngelAi AI assistant for automated loan processing. The product portfolio includes Agency/Conventional Conforming loans, Jumbo/Conventional Non-Conforming loans, Government/FHA/VA/USDA loans, Reverse/HECM loans, and Renovation loans. Additional tools include a Loan Calculator Suite for borrower education. All loan products are delivered through AI-enhanced workflows that enable rapid processing and underwriting.

Differentiator

Problem solved

Functional benefit

Brands

• AngelAi: AI-powered personal assistant for loan officers and customers - takes applications, processes files, provides underwriting support
• The LoanWorks Production System

Products and services

• Agency / Conventional Conforming Loans Conforming mortgage loans backed by Fannie Mae and Freddie Mac that meet FHFA loan-limit criteria, offering competitive rates and lower down-payment requirements for qualified borrowers.
• Jumbo / Conventional Non-Conforming Loans Mortgage financing for high-value properties that exceed FHFA loan limits, requiring stricter credit qualifications and higher down payments than conforming loans.
• Government / FHA, VA, USDA Loans Government-backed mortgage programs including FHA loans for first-time buyers, VA loans for veterans, and USDA loans for rural property purchases.
• Reverse / HECM Loans Home Equity Conversion Mortgages enabling homeowners aged 62 and older to access home equity without monthly mortgage payments, offered as FHA-insured reverse mortgage products.
• Renovation Loans Loans combining purchase or refinance financing with renovation funds, including FHA 203(k) loans and home equity products, for funding home improvements.
• Non-Qualified Mortgage Loans Non-QM mortgage products designed for borrowers who do not fit standard agency / qualified mortgage guidelines, including self-employed individuals and real estate investors seeking flexible financing options.

Quantifiable outcome

• Loan processing in minutes vs traditional timelines
• +5 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature5 records

Partnerships

One partnership is on record.

• AngelAicoreTechnology or Integration · 28 January 2026LoanWorks became the first mortgage broker to fully integrate AngelAi into its core operating platform at the foundational workflow level. This category-defining achievement bridges fintech innovation and real-world impact, leveraging AngelAi's $119 Billion intellectual property asset portfolio valuation.

Scale indicators6 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Guaranteed Rate: National mortgage lender with the AI-driven 'Affiniti' platform and a sizable retail loan officer force; comparable as an incumbent actively modernizing origination technology and competing for the same loan officer talent pool.
• SoFi: Digital-first financial services platform with a growing mortgage origination business; comparable as a well-capitalized fintech expanding into home loans and competing for the same digitally native borrower segment.
• United Wholesale Mortgage (UWM): Leading wholesale mortgage lender serving independent brokers and loan officers; directly relevant to LoanWorks as the primary wholesale partner alternative and competitive threat to broker-led origination models.
• Rocket Mortgage: Largest US mortgage originator with aggressive AI/digital initiatives; comparable as the dominant incumbent whose scale, lender relationships, and marketing budget set the competitive bar for AI-native challengers like LoanWorks.
• loanDepot: Large multi-channel mortgage originator (retail, wholesale, direct) with significant technology investment; comparable as a broad incumbent whose mello smartloan platform mirrors LoanWorks' push toward AI-enabled origination.

Direct peers

• Better.com: Digital-first mortgage lender using proprietary technology to streamline origination; directly comparable to LoanWorks as a tech-native competitor attacking traditional mortgage economics through automation and DTC distribution.
• HomeLight: Digital mortgage marketplace and broker network; comparable to LoanWorks as a tech-enabled broker intermediating between borrowers and loan officers at national scale.

Emerging players

• LoanSnap: AI-powered mortgage lender using machine learning to find optimal loan structures; directly comparable as a small, AI-native mortgage company pursuing similar speed-and-automation differentiation against traditional lenders.
• Figure: Blockchain- and AI-enabled home equity lending platform; closely comparable to LoanWorks as a tech-native disruptor applying novel technology stacks (blockchain, automation) to mortgage and home equity products.

Others

• Blend: Mortgage technology infrastructure provider serving lenders and brokers; comparable as an adjacent enabler whose white-label LOS/automation capabilities represent both an alternative build path and a potential partner for LoanWorks' production system.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/loanworks_ai
• YouTubeyoutube.com/channel/UCUXjm7aSrzx3aILKVIt4coQ
• Facebookfacebook.com/loanworksai
• LinkedInlinkedin.com/company/91363570
• Instagraminstagram.com/loanworks.ai

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LoanWorks