Wharton FinTech Podcast The Future of Mortgage Tech
Dec 11, 2025
In this conversation, Mike Yu, CEO of Vesta and a former product expert in mortgage tech, shares insights on reinventing the loan origination system. He highlights how modern workflows and AI are transforming lender operations. Vesta's API-first approach aims to streamline processes and enhance customer experience by automating documentation and integrating data sources. Mike also discusses the future of 'self-driving' origination and offers valuable advice for fintech founders navigating regulatory landscapes.
AI Snips
Chapters
Transcript
Episode notes
Founding Vesta From Customer Frustration
- Mike Yu left Blend after seeing lenders repeatedly ask for new LOS solutions and recognizing legacy tech fatigue.
- He founded Vesta to own workflow and system-of-record to drive operational efficiency for lenders.
Three Pillars Of Modern LOS
- Modernizing mortgage requires three layers: data architecture, workflow automation, and interoperability.
- A relational data model enables automation and APIs enable deep integrations and LLM access.
Automate Document Extraction And Calculations
- Automate document data extraction and save per-document data to flag discrepancies automatically.
- Replace manual Excel workflows by auto-calculating income and surfacing results to users.