Chestnut
Chestnut is a YC Spring 2025 (P25) company. Based in San Francisco, CA, USA. Team of 2.
About Chestnut
Summary
Chestnut originates mortgages using AI agents, handling purchases, refinances, and cash-out loans for homeowners in Texas and Colorado. The AI handles the underwriting and processing work that loan officers and processors do at traditional lenders, cutting the interest rate customers pay. The founding team has prior operating experience scaling a mortgage business that handles a significant share of U.S. loan volume.
Business model
Interest rate on originated mortgage loans, with savings passed to borrowers versus traditional lender rates
Go-to-market
Homeowners apply directly through Chestnut as the lender of record, replacing the traditional loan officer and processing staff with an automated AI-driven workflow.
From the Y Combinator listing
The first AI mortgage lender
Chestnut is the first AI mortgage lender. We automate 99% of human work with AI agents, saving customers 0.5%+ in interest. This is Spencer's second mortgage startup; the first processes 2% of US mortgages annually. So far, Chestnut is licensed in Texas and Colorado where we power purchases, refinances, cash-outs, and more.
Facts
- Fintech / Fintech -> Credit and Lending
- San Francisco, CA, USA
- 2
- Active
- Early
Founders (1)
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