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HomeLight launches AI escrow agent and raises $40M to expand closing automation nationwide

HomeLight launched EVA, an AI escrow agent that automates real estate closings across 120-plus tasks. The company raised $40M from BlackRock to expand the platform nationally.

1 min read
Real estate and construction

HomeLight Launches AI Agent to Handle Real Estate Closings

HomeLight announced EVA, an AI-powered escrow agent designed to automate the majority of tasks in real estate transactions. The company secured $40 million in debt financing from BlackRock to scale the platform nationwide.

EVA operates as the industry's first agentic escrow officer, connecting to over 80 external tools to manage closing workflows. A typical escrow requires more than 120 discrete tasks - opening orders, requesting HOA documents, ordering title work, coordinating with lenders, and transferring funds.

What EVA Does

The system handles several core functions that currently consume escrow officer time:

  • Opens escrow orders in minutes instead of hours
  • Automatically coordinates with lenders, HOAs, and government offices
  • Manages document ordering and fund transfers with minimal manual input
  • Encrypts transactions end-to-end for security

HomeLight founder and CEO Drew Uher said the platform aims to solve operational inefficiencies that plague real estate closings. "We're deeply focused on building the tools that solve the hardest problems facing agents, lenders, and escrow officers as they close transactions day-to-day," Uher said.

The Financing and Scale

The $40 million debt round from BlackRock reflects investor confidence in automating back-office real estate work. HomeLight facilitates billions of dollars in residential transactions annually across tens of thousands of agents and lenders.

Since its 2012 founding, the company has matched more than 2 million buyers and sellers with agents and unlocked over $1 billion in home equity for clients.

For professionals managing escrow operations or real estate transactions, understanding how AI agents like EVA integrate into existing workflows is becoming essential. Learn more about AI Agents & Automation or explore AI applications specifically for real estate brokers.

More information is available at homelight.com.

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