Beeline Holdings (NASDAQ: $BLNE) reported record fourth-quarter revenue growth on Monday, signaling a turning point for the crypto mortgage lender.

The Rhode Island based company said fourth-quarter net revenue came in at $2.5 million, a 127% surge compared to the $1.1 million recorded in the same period last year. Mortgage origination volume for the quarter hit $84.7 million, representing a 44% year-over-year rise, as the firm’s AI based platform helped drive higher conversion rates among homebuyers.

Beeline saw a 31% increase in average revenue per loan and an 18% decrease in average cost per loan during the quarter. Management noted that…