HomeLight announced the launch of EVA, an AI-powered escrow agent designed to automate the majority of tasks required to close a real estate transaction — alongside $40 million in new debt financing from funds and accounts managed by BlackRock to scale the platform nationwide. EVA is the industry’s first agentic escrow officer, empowered to work with over 80 tools to interface with the outside world.
As real estate transactions grow more complex and time-sensitive, and the industry faces ongoing operational inefficiencies, platforms like EVA aim to modernize one of the most manual steps in the process. Completing an escrow typically requires upwards of 120 discrete tasks — all of which are time intensive, difficult to coordinate, and vulnerable to errors. EVA uses AI technology to intelligently automate the majority of a typical file’s workload, from opening orders, ordering HOA docs and title, interfacing with lenders, wiring funds, and more.
EVA offers several unique advantages to escrow officers who are trained to use the platform, including:
- Open escrow orders in minutes instead of hours
- Automatically coordinate with lenders, HOAs, and government offices
- Complete critical steps like document ordering and fund transfers with minimal manual input
- Maintain security with end-to-end encryption across the transaction
“Our vision has always been a world where every real estate transaction is simple, certain, and satisfying for all,” said Drew Uher, Founder and CEO of HomeLight. “We’re deeply focused on building the tools and technology that solve the hardest problems facing agents, lenders, and escrow officers as they close transactions day-to-day. In many ways, EVA is just the beginning of us delivering on that process.”
To date, HomeLight has matched more than 2 million buyers and sellers with top real estate agents, unlocked over $1 billion in equity from clients’ existing homes across the country, and facilitates billions of dollars of residential real estate transactions on its platform for tens of thousands of agents and lenders every year.
