<ul><li>LoanSnap, an AI-powered mortgage startup, has had its license to operate revoked in Connecticut.</li><li>LoanSnap violated a consent order with the state's Department of Banking, resulting in the license revocation.</li><li>The violations include failure to file a change of address, failure to disclose default judgments, and failure to implement required policies and procedures.</li><li>LoanSnap, which raised millions in funding and originated loans worth nearly $500 million in 2021, saw its business decline significantly amidst rising interest rates.</li></ul>

AI mortgage startup LoanSnap loses license to operate in Connecticut

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