Futr signs U.S. mortgage AI pilot with DWR

Executive Summary

• The Futr Corp. entered into an enterprise agreement with DWR Residential to launch a pilot program integrating Futr's AI-powered mortgage, payments, and home concierge services into DWR's U.S. mortgage ecosystem.
• The partnership involves deploying "Futr Payments" for optimized mortgage payment schedules and "Futr Agents" as a home concierge that rewards users with Futr Tokens for data contribution.
• Concurrently, The Futr Corp. announced a change in its fiscal year-end from June 30 to December 31, affecting its financial reporting schedule for the transition year.

Key Details

• Partnership Structure: Enterprise agreement with DWR Residential (U.S.-based mortgage brokerage platform) to integrate Futr's AI services.
• Pilot Program Scope: Launching in the United States with potential expansion to other jurisdictions by mutual agreement.
• Futr Payments: Intelligent payment rails that analyze mortgage structures to recommend optimized payment schedules, aiming to reduce interest costs by up to $100,000 over the life of a loan.
• Futr Agents: Home concierge service that ingests mortgage, inspection, title, legal, and listing data into a private consumer agent for queries and recommendations.
• Incentive Model: Consumers are rewarded in Futr Tokens for contributing home data to the concierge.
• Futr Intents: Data-driven mortgage application packages designed to streamline consumer engagement and improve conversion efficiency during the pilot phase.
• Regulatory Framework: The pilot is designed to validate systems ahead of a potential full-scale rollout under a Real Estate Settlement Procedures Act (RESPA) affiliate business arrangement.
• Fiscal Year Change: The company is changing its fiscal year-end from June 30 to December 31.
• Reporting Impact: No quarterly financial report will be filed for the second quarter ending December 31, 2025. This period will be included in the audited consolidated financial statements for the year ended December 31, 2025, to be reported before April 29, 2025.
• Regulatory Filing: A notice of change in year-end was filed pursuant to Part 4.8(3) of National Instrument 51-102.

Notable Quotes

• Alex McDougall, President of The Futr: "Launching this partnership with Direct Wholesale Rates validates Futr's ability to deploy AI-driven agent and payment infrastructure within one of the largest and most complex financial ecosystems in the world... Futr delivers intelligence, related products and consumer-first economics that can materially improve outcomes over the life of a loan."
• David Zitting, President and CEO of DWR Residential: "We see significant opportunity in pairing DWR's mortgage platform with Futr's AI-driven payments and home concierge capabilities. This partnership allows us to deliver more value, transparency and long-term savings to our clients while opening new revenue opportunities aligned with consumer outcomes."