What does Friday Harbor do?
Friday Harbor provides an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time by reading borrower documents, generating tailored needs lists, underwriting files, and flagging potential issues with suggested resolutions.
How much did they raise?
The company raised $6M in Seed funding, led by Abstract Ventures and joined by Wischoff Ventures, Blend, and AI2 Incubator.
What are their plans for the money?
Friday Harbor plans to use the funds to extend its engineering team and support integrations with mortgage LOS and point-of-sale platforms, which could significantly increase efficiency and reduce processing costs for lenders.
What have they achieved so far?
The platform already combines fintech expertise with artificial intelligence to remove complexity, slash origination costs, and deliver a better borrower experience.
