quick read
Newrez LLC is making a strategic investment in HomeVision to extend AI-powered mortgage underwriting beyond collateral verification to include income, asset, and credit analysis to reduce costs and speed processing. HomeVision’s MIRA platform uses large-scale language models and AI to deeply analyze appraisals and real estate valuation documents, improving Newrez’s underwriting accuracy and operational efficiency. The mortgage industry is increasingly adopting AI to integrate lending and servicing functions, as exemplified by investments from companies such as Rocket Companies and United Wholesale Mortgage. Newrez is a Rithm Capital company and a top five mortgage lender and servicer, servicing more than $878 billion in mortgages.
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The top five lenders and loan servicers say they already use HomeVision’s AI technology to value collateral and will expand that functionality to create an automated end-to-end underwriting platform that includes income, assets and credit.
Newrez LLC, a leading mortgage lending and services company, is betting on AI-powered mortgage underwriting with a strategic investment in HomeVision, a startup that has developed a sophisticated process for validating real estate valuations. Newrez plans to expand this process to cover the entire underwriting process.
HomeVision claims its platform MIRA integrates large-scale language models (LLMs) and AI document understanding capabilities to analyze “every page, word, and image” for appraisals and collateral underwriting. MIRA, for example, analyzes textual appendices and sketches, and analyzes images to determine the quality and condition of “comps” used to assess the value of assets.
In announcing its private equity acquisition in HomeVision, Newrez said it was already leveraging its MIRA collateral underwriting AI technology, doubling its operational efficiency in this area.
“By extending this capability to the remaining three key underwriting elements: income, assets and credit, the companies are building an end-to-end next-generation underwriting platform that reduces origination costs, increases accuracy and provides customers with a faster, more seamless underwriting experience,” Newrez announced Wednesday.
Newrez, based in Fort Washington, Pennsylvania, is a subsidiary of Rithm Capital Corp. and claims to be a top five mortgage lender and servicer, originating mortgage loans through retail, correspondent and direct-to-consumer channels.
jeff foster
“We are excited to deepen our relationship with Newrez as a partner to further our mission of building an industry-leading AI-enabled underwriting platform,” HomeVision CEO and co-founder Jeff Foster said in a statement. “Their investment accelerates our ability to expand beyond collateral review and provide more intelligent and scalable underwriting solutions across the entire mortgage origination process.”
San Francisco-based HomeVision announced Wednesday openings for eight positions, including a reputation policy analyst, full-stack software engineer, and site reliability engineer.
AI at the intersection of lending and services
Tighter integration of mortgage lending and loan repayments is all the rage, and major lenders and servicers see an opportunity to market refinance offers to homeowners to collect payments when mortgage rates decline. AI can play a big role by automating the process of notifying borrowers when refinancing may be advantageous.
As a loan servicer, NewRes collected $878 billion in monthly mortgage payments on behalf of investors as of Sept. 30, Rhythm Capital said in its latest quarterly report to investors. The servicing business generated $1.7 billion in revenue for Rhythm Capital in the first nine months of 2025, an 18% increase compared to the same period in 2024.
Rocket Companies CEO Varun Krishna says he is “obsessed” with AI after bringing Rocket Mortgage, real estate brokerage Redfin and mortgage repayment giant Mr. Cooper under one roof in 2025.
United Wholesale Mortgage, the nation’s largest mortgage lender, is also investing heavily in AI, announcing last month a deal to acquire the parent company of Roundpoint Mortgage Servicing in a $1.3 billion all-stock deal.
Guild Mortgage was taken private last year through a $1.3 billion merger with Bayview Asset Management, the parent company of Lakeview Loan Servicing. Guild is known for providing purchase mortgages to homebuyers, but it holds mortgage service rights (MSRs) on many of the loans it originates, and as of September 30, it was collecting monthly payments from 387,000 borrowers with $98.3 billion in mortgage balances.
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