feature / FEATURE: Introducing Loan Packages - Blooma

It’s not a typo. feature / FEATURE is a series where we’re giving you a tour of what makes Blooma so great. We created Blooma in partnership with banks, and together, we’ve designed a platform made up of features that have been intelligently designed with you in mind. Join us for a quick preview of some of our favorite ways to level up your CRE lending practice.

Next in the queue? The Loan Packages feature. Read through to learn more about what it looks like and how it works.

Streamlining Your Workflow with Blooma’s Loan Packages Feature

In the competitive world of commercial real estate, managing multiple loans efficiently can be a daunting task. Blooma’s latest feature, Loan Packages, is designed to simplify this process by allowing you to group multiple loans into a single package, streamlining your workflow and enhancing your overall productivity.

But what exactly is a Loan Package? Think of it as an organizational tool that can represent a portfolio, a warehouse facility, or a group of cross-collateralized loans. Each of these scenarios benefits from the ability to consolidate related loans, making it easier to manage and analyze your investments.

Use Cases: Bringing Loan Packages to Life

With the Loan Packages feature, you can now easily group related loans under one package. This allows for better organization and more efficient management of your loans. Here’s how you can use Loan Packages:

• Cross-Collateralized Loans: Keep track of loans that share collateral by grouping them in a single package.
• Portfolios: Manage a collection of related loans as one cohesive unit.
• Warehouse Facilities: Consolidate loans held in a warehouse for easier oversight and management.

Whether you’re handling a portfolio of deals, managing a collection of related loans, or overseeing a warehouse facility, this feature ensures that all relevant information is consolidated and easily accessible.

How It Works

To get started with Loan Packages:

1. Navigate to the Loan Packages Section: Open the “Deals” dropdown menu from the home page and select “Loan Packages.”
2. Create a New Loan Package: Click on “Create Loan Package” and enter the necessary details, including your package name, ID, and commitment amount.
3. Add Deals to Your Loan Package: To add a specific deal to your Loan Package, simply navigate to the Deal Details section of your deal and select the appropriate Loan Package from the dropdown menu. Click “Save,” and your deal will be included in the package along with any other deals you’ve added.

This process is not only straightforward but also ensures that all deal-level metrics are automatically compiled within the package, providing a comprehensive overview of your loan portfolio. package, providing a comprehensive overview of your loan portfolio.

Enhancing Efficiency and Organization

The Loan Packages feature is a game-changer for CRE professionals looking to optimize their workflow. By grouping loans into packages, you can:

• Improve Organization: Keep related deals together for easier access and management.
• Streamline Processes: Reduce the time spent navigating between separate deals by consolidating them into one package.
• Gain Insights: Quickly view deal-level metrics for an entire package, allowing for more informed decision-making.

For example, if you’re managing a portfolio with multiple loans tied to a single property or borrower, grouping these loans into a package will make it easier to track progress, manage commitments, and evaluate overall performance.

The Time to Optimize is Now

In today’s fast-paced CRE environment, staying organized and efficient is key to success. The Loan Packages feature is designed to enhance your productivity by providing a structured way to manage multiple loans under one umbrella. By leveraging this feature, you can streamline your workflow, ensure consistency across your deals, and ultimately drive the success of your real estate investments.

Experience the benefits of streamlined loan management with Blooma’s Loan Packages feature. See it for yourself and discover how it can transform the way you manage your deals.

See it for yourself