LoanWorks
- Company typePrivate
- Founded2021
- HeadquartersSan Diego, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
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.
LoanWorks firmographics
Firmographics- 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
LoanWorks industry classification
Industry- 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
Where LoanWorks is headquartered
LocationHeadquarters
- HQ city
- San Diego
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
LoanWorks business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Others
Revenue model
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Quote-based mortgage rates |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
LoanWorks product offering
Product offeringCore 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
Companies that use LoanWorks
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
LoanWorks technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature5 records
LoanWorks partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- AngelAicoreLoanWorks 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
LoanWorks competitors and assessment
Company assessmentBroad 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
LoanWorks social profiles
Digital presenceLoanWorks financial estimates
Financial estimateRevenue estimate
Valuation estimate
LoanWorks leadership team
Management profileNumber of profiles
Profiles2 records
LoanWorks funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LoanWorks M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LoanWorks
What does LoanWorks do?
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.
Is LoanWorks a public or private company?
LoanWorks is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was LoanWorks founded?
LoanWorks was founded in 2021. It employs 11 to 50 people.
Where is LoanWorks based?
LoanWorks is headquartered in San Diego, United States, in the North America region.
How does LoanWorks make money?
Two revenue lines are on record. Mortgage Brokerage Transaction Fees are the primary driver. The others are interest Rate Savings Pass-through.
Who are LoanWorks's main competitors?
Broad incumbents on record are Guaranteed Rate, SoFi, United Wholesale Mortgage (UWM), Rocket Mortgage and loanDepot. Direct peers are Better.com and HomeLight. Emerging players are LoanSnap and Figure. Blend is listed as an others.
Does LoanWorks have an API?
No public API is recorded for LoanWorks.
What industry is LoanWorks in?
LoanWorks's product category is Mortgage Brokerage. Its primary akta.pro industry code is FSAEAEAG, Bridge & Short-Term Real Estate Loan Intermediation, with a secondary code of FSAEAEAF, Construction & Renovation Loan Intermediation. Its NAICS code is 522310 and its SIC code is 6163.