Chestnut recently launched!

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^{"Low rates, 5-star service"}

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^{TL;DR: Chestnut is building the first AI mortgage lender. Their AI agents help people save 0.5%+ on their rate.}

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https://www.youtube.com/watch?v=M7ay1fshd-w

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Founded by Spencer Brown

His last startup built a mortgage “Loan Origination System” (system of record + workflow tool used daily by 80% of lender employees) that powered 2% of US mortgages annually. During that time, he saw firsthand how inefficient traditional lenders are — and realized he should compete with them directly.

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🤨 Isn’t the mortgage process already automated?

Far from it. Today, 80% of employees at traditional lenders spend hours each day filling out paper forms, manually reviewing documents, and copy-pasting data between systems. These manual processes cost lenders – and ultimately their borrowers – $12,000+ per loan ($61B+ per year).

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😲 What’s next?

AI can automate 99% of mortgage operations, but traditional lenders would take 10+ years to adapt. They’d have to overhaul their entire tech stack, rewrite every procedure, and retrain their whole workforce.

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➡️ Enter Chestnut

Chestnut is vertically integrating AI to challenge traditional lenders directly. Besides Ashley, their AI loan officer assistant, they have also built agents that:

1. Find the best deals by shopping rates across 100+ lenders (since they are starting with brokering),
2. Cut borrowing costs by automating the origination process, and
3. Notify clients when rates drop.

So far, they are licensed in Texas and Colorado where they are helping clients with new home purchases, refinances, home equity loans, and home equity lines of credit.

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🤑 Ready to save?

If you’re exploring mortgage options in Texas or Colorado, head over to their website where you can get an instant quote and compare their rates to other lenders!

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Learn More

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^{🌐 Visit chestnutmortgage.com to learn more.}

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^{🤑 Ready to save? If you’re exploring mortgage options in Texas or Colorado, head over to their website where you can get an instant quote and compare their rates to other lenders!}

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^{👣 Follow Chestnut on LinkedIn.}

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