Elio Mortgage Raises $5.1M for AI Lending

Elio Mortgage raised $5.1M in pre-seed funding led by Motive Partners and Social Leverage to build an AI-native mortgage brokerage. The company works with about 40 loan officers across 22 states and roughly $200M in trailing 12-month origination volume. It expects to be licensed in 30 states covering about 80% of the U.S. population by year-end.