{"id":49883,"date":"2026-05-07T18:19:39","date_gmt":"2026-05-07T15:19:39","guid":{"rendered":"https:\/\/mk.gen.tr\/loan-factory-launches-fully-automated-originations-through-pylon\/"},"modified":"2026-05-07T18:19:39","modified_gmt":"2026-05-07T15:19:39","slug":"loan-factory-launches-fully-automated-originations-through-pylon","status":"publish","type":"post","link":"https:\/\/mk.gen.tr\/en\/loan-factory-launches-fully-automated-originations-through-pylon\/","title":{"rendered":"Loan Factory launches fully automated originations through Pylon"},"content":{"rendered":"

Loan Factory<\/strong> announced Thursday that it is launching fully automated mortgage originations through a partnership with Pylon<\/strong>, a move the companies say will streamline operations, lower costs and speed up closings.<\/p>\n

The company said the partnership will allow it to originate loans directly on Pylon\u2019s infrastructure, eliminating manual loan operations and reducing reliance on wholesale lenders.<\/p>\n

The company originates more than $5 billion in mortgages annually through a network of 2,500 loan officers across 48 states. Loan Factory said it expects the partnership to increase loan officer production sixfold across its core origination channels.<\/p>\n

\u201cPartnering with Pylon enables us to cut out the middlemen and deliver rates that our competitors can\u2019t match,\u201d Loan Factory CEO Thuan Nguyen<\/a> said in a statement. \u201cIt also allows us to deliver instant approvals and faster closings, all while lowering costs.\u201d<\/p>\n

In an interview with HousingWire<\/strong> ahead of the announcement, Pylon CEO Trent Hedge said that the partnership originated after several Loan Factory loan officers expressed interest in having access to the platform.<\/p>\n

Nguyen said that the need for something new stemmed from frustration with \u201ctraditional lenders\u201d, who Nguyen says are \u201cvery low tech.\u201d<\/p>\n

\u201cThey don\u2019t even have an API or technology for us to work with,\u201d he added. <\/p>\n

Pylon, a mortgage technology company backed by investors including Peter Thiel, as well as venture firms Conversion Capital<\/strong>, QED<\/strong>, Citi<\/strong> and Fifth Wall<\/strong>, automates much of the loan origination process through a vertically integrated platform connected directly to capital markets. Hedge said Pylon\u2019s \u201cmortgage rails\u201d automate functions including processing, underwriting, closing and loan delivery through API-based infrastructure, reducing reliance on wholesale and correspondent lenders. <\/p>\n

\u201cWe flow those mortgages directly through to the true source of capital, rather than wholesale lenders and aggregators who mark those rates up\u2026 the result is a much lower cost of capital and a much lower cost to originate,\u201d Hedge explained.<\/p>\n

Pylon earns revenue through per-loan fees and software subscriptions, and currently focuses on conventional and jumbo loans up to $5 million. The company\u2019s platform gives lenders access to rates that are 75 to 200 basis points lower than traditional channels while reducing origination costs.<\/p>\n

Hedge said the company is planning to expand into FHA<\/strong>, VA<\/strong> and non-QM products.<\/p>\n

Loan Factory said the integration will allow it to build a mortgage origination process centered on automation and artificial intelligence<\/a>. The company already operates its own proprietary mortgage platform, called Tera, but said that legacy wholesale-lender technology has limited its ability to automate operations fully.<\/p>\n

\u201cLoan Factory is building an entirely new version of their platform around Pylon\u2019s capabilities, and we think they\u2019re going to get a lot more value because they\u2019re building software products specifically for their loan officers and taking advantage of more of the automation,\u201d Hedge said. <\/p>\n

Nguyen is confident in what Pylon will do for the company\u2019s price offerings. The company recently upped its Best Price Guarantee program from $1,000 to $2,000.<\/p>\n

\u201cWith this program, we challenge the consumer to shop around, and if they can find any lender, any loan officer that has a better rate than us, we will pay the consumer $2,000,\u201d he said, adding that Loan Factory has never had to pay out a customer. <\/p>","protected":false},"excerpt":{"rendered":"

Loan Factory announced Thursday that it is launching fully automated mortgage originations through a partnership with Pylon, a move the companies say will streamline operations, lower costs and speed up closings. The company said the partnership will allow it to originate loans directly on Pylon\u2019s infrastructure, eliminating manual loan operations and reducing reliance on wholesale…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/49883"}],"collection":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/comments?post=49883"}],"version-history":[{"count":0,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/49883\/revisions"}],"wp:attachment":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/media?parent=49883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/categories?post=49883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/tags?post=49883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}