Friday Harbor
“Can AI collapse the mortgage underwriting workflow so that loan officers deliver clean-to-close files in hours instead of weeks?”
Founded2024
HQSeattle, WA, United States
FoundersTheo Ellis, Jesse Collins
Total raised$6M
Latest roundSeed, 2024
IndustryVertical SaaS / Mortgage
The story
Friday Harbor is an AI-powered Originator Assistant for the mortgage industry, co-founded in 2024 by Theo Ellis (ex-Pagaya Technologies) and Jesse Collins. The company sells software to mortgage lenders — it reads borrower documents in real time, flags underwriting conditions, and helps loan officers assemble clean, compliant loan files before formal underwriting. It is a vertical SaaS/AI tool, not a lender or embedded finance provider itself.
Last 12 months
Product timeline
2024
Friday Harbor launched with support from AI2 Incubator and CoFound Partners· pivot
2024
Closed $6M seed round led by Abstract Ventures to support engineering growth and LOS/POS integrations· banking
The stack
0 layers disclosed in Friday Harbor’s embedded-finance stack
Accounting gap: none