Mitesco Expands AI Sales Automation to Mortgage and Insurance Industries

Mitesco, Inc. has begun development on specialized versions of its Robo Agent application tailored for the residential mortgage and insurance industries, responding to the trend toward vertical integration in real estate services. The expansion addresses the growing consolidation within residential real estate, highlighted by recent mergers between major agencies and acquisitions of real estate entities by financial product providers.

Mack Leath, Chairman and CEO of Mitesco, noted that compensation changes resulting from the National Association of Realtors settlement and general industry trends are pressuring all players to improve efficiency and reduce overhead. The move toward integrating financial products like mortgage and insurance represents longer-term profit opportunities beyond traditional sales commissions. Leath referenced transactions like the Rocket and Redfin combination as indicative of the direction real estate businesses must take to survive and grow.

The development gives Mitesco's Centcore data center a competitive advantage against larger metacenter providers, according to Brian Valania, General Manager for Centcore. The company's size allows for quick customization of solutions for clients in highly competitive residential real estate, mortgage, and insurance industries, offering significant savings for processing and backup needs. The integration of applications like Robo Agent for Mortgage and Insurance positions Centcore as a comprehensive solution provider in a market with over 6,000 mortgage companies and 3 million real estate agents operating in the United States.

Mitesco expects the first version of Robo Agent for Realtors to be available in Q4 FY2025, with the Mortgage version following in Q1 FY2026. Both applications will be available exclusively through the Centcore Data Center, based in Melbourne, Florida with eight backup sites worldwide. Additional information about Centcore's services can be found at https://www.centcoreusa.com.

The expansion demonstrates Mitesco's commitment to shareholders and investors, with the company maintaining an active acquisition strategy targeting complementary businesses in software, data center services, and emerging tech verticals. Mitesco plans to move its share listing to a senior exchange, possibly including international exchanges, during FY2026. The company's corporate information is available at https://www.mitescoinc.com.

This strategic expansion into mortgage and insurance automation represents a significant opportunity for efficiency gains across multiple industries. By leveraging the extensive client data gathered through real estate transactions, Mitesco aims to create integrated solutions that address the evolving needs of financial service providers while supporting the company's growth objectives and shareholder value creation.