Ralo, an AI-native mortgage broker founded by two former Google employees, has raised a $2.9 million seed round to expand its automated home loan platform, which the company says delivers interest rates below the national average and closes loans in roughly half the industry’s typical timeline.

Co-founders Arjun Lalwani and Helly Shah, who met while working at Google, position Ralo as the “first AI-native mortgage broker,” meaning the mortgage process, from initial rate shopping to post-closing, is handled primarily by an AI loan officer rather than a human one. 

Ralo, which is a portmanteau of the words “rates” and details ⇒

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