reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha” or the “Company”), an AI-powered real estate technology company, today announced the expansion of its mortgage division, reAlpha Mortgage, into Utah, a key market that advances its national growth strategy while deepening local market presence. Utah is one of the top five fastest growing states in the U.S. in terms of year-over-year percentage change, with population growth of approximately 1.8% between July 2023 and July 20241.
To anchor this growth, reAlpha Mortgage welcomes respected industry leader Dave Osofsky. With 23 years in the business, including the last 4.5 years as a broker/owner, Dave brings the experience, leadership, and client-first mindset that align with reAlpha’s mission. He plans to accelerate market expansion and loan volume across the region.
“Expanding into Utah provides reAlpha with access to a market with an annual mortgage origination volume exceeding $29 billion2, accelerating our path to nationwide scale,” said Jamie Cavanaugh, CEO of reAlpha Mortgage. “By leveraging our AI-enhanced platform alongside proven local leaders, we aim to increase loan volume while maintaining a superior borrower experience and increasing operational efficiency.”
reAlpha Mortgage offers a full suite of mortgage products, including Conventional, VA, FHA, and USDA loans, supported by an expansive lender network and AI-optimized operations. The Company continues to integrate technology across its mortgage operations with the goal of making the experience faster, simpler, and more affordable.
With licensing secured in 30 states, reAlpha Mortgage is demonstrating meaningful progress toward its national rollout strategy. The launch in Utah reflects this momentum, reinforcing the Company’s commitment to building a nationwide presence. By unifying realty, mortgage, and title services under one technology-driven platform, reAlpha aims to streamline the homebuying journey while reducing costs and increasing transparency for consumers.
For more information about reAlpha Mortgage and its products, visit www.realpha.com/mortgage.
