Beeline, a digital start-up mortgage lender, has completed a Series A round of financing for an undisclosed amount. The capital will be invested in automation and artificial intelligence (AI) to provide user experiences (UX) for borrowers, according to a release.

The round of financing was led by the Cavalry Fund and included participation from strategic co-investors Atalaya Capital Management, Ellington Financial Inc., and Australia-based Pipeline Capital. The latest transaction brings the total capital raised by Beeline to $22 million.

“We’re thrilled to welcome our new equity partners, who are aligned with our vision of using automation to disrupt the housing industry and revolutionize how people get mortgages,” Beeline co-founder and President Peter Gonzalez said in the release. “This transaction positions Beeline to provide consumers with a home financing experience that surpasses all other currently available options.”

The new funding will accelerate development of Beeline’s mortgage automation platform, which identifies, processes, and resolves underwriting conditions in real-time so borrowers can instantly know if they are pre-approved for a loan.

“Beeline’s tech platform delights customers by streamlining the process to arrive quickly at their end goal, whether it’s buying their dream home, doing a refinance, or buying an investment property,” Gonzalez said. “It is also built to lower the cost of creating a mortgage, so we need fewer employees per loan than traditional lenders — and our borrowers benefit from that in lower rates and costs.”