Was this email forwarded to you? Sign up here
Elio Mortgage comes out of stealth. Social Leverage invests out of Fund V.
Elio Mortgage is an AI native mortgage brokerage that is backed by Social Leverage and Motive Ventures. The company was founded by Oren Michaely & Arad Lev Ari, two founders who have the perfect combination of deep technical AI expertise and financial services experience.
Elio is redesigning mortgage origination end-to-end, using AI to transform how mortgage companies operate and ultimately aim to rewrite the economics of originating a loan. The funding will support continued product development, the expansion of Elio’s licensed mortgage operations nationwide, and the recruitment of loan officers as the company scales its AI-native brokerage model.
For decades, mortgage technology has focused on improving individual parts of the origination process, leaving loan officers and operations teams to connect fragmented systems and workflows themselves. Elio is taking a different approach by building its proprietary AI-native platform from inside a working mortgage operation, where engineers and loan officers work side by side. That live environment allows the company to redesign origination from within the workflow rather than trying to solve it from the outside with point solutions. The company is also using that same infrastructure to serve as the embedded mortgage arm for financial advisors, real estate agents, home builders, and institutional owners of single-family rental portfolios, enabling businesses with trusted customer relationships and built-in mortgage demand to offer mortgage services without building and operating a mortgage business themselves.
AI is transforming traditional services businesses, and embedding the mortgage process within a wealth manager is exactly the type of company that Social Leverage believes they can help scale via our LPs, network, wealthtech & fintech experience.
