In early 2018, the chairman of a CRE lender told us about a lack of products to automate the manual activity involved in originating and auditing a CRE lending portfolio. We sat down with several lenders and mapped out their underwriting processes, and found that talented underwriters and analysts spend most of their time reading through documents and pulling info from all sorts of sources, pasting these into spreadsheets or systems.
We worked alongside of these underwriters and analysts to develop an artificial intelligence machine learning solution that would handle the data gathering, number crunching, and document reading for them. We went commercial in early 2020, bringing our unique solution to CRE lenders around the country.