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 Linking Collateral feature. Read through to learn more about what it looks like and how it works. Click the link to see it for yourself.
In the fast-paced world of commercial real estate, efficiency is key. The ability to streamline processes and reduce redundant tasks can significantly enhance productivity. Blooma’s latest feature, Linking Collateral, is designed to do just that by allowing you to share collateral across multiple deals effortlessly.
With the Linking Collateral feature, you can avoid the need to submit duplicate collateral and component-level documents for parsing, ensuring that the same collateral data flows seamlessly across multiple deals. Once you have created a deal, you can now link already existing collateral to it. Any edits made, including document uploads and component-level data, will be shared across all linked deals.
To link an existing collateral to a deal, navigate to the Deal page and click “Add New Collateral” and then “Link to Existing Collateral.” From here, you can search through all collaterals in your site and link it to your deal. This simple process eliminates the need for repetitive data entry and ensures consistency across your deals.
The Linking Collateral feature is a game-changer for CRE professionals who manage multiple deals. By sharing collateral across deals, you can:
For example, if you have a property used as collateral for several loans, you only need to upload and manage the collateral details once. Any updates or additional documents added will automatically be available for all related deals. This feature simplifies your workflow, reduces the risk of errors, and saves you valuable time.
In today’s competitive CRE landscape, optimizing your workflow is more important than ever. The Linking Collateral feature is designed to enhance your productivity and ensure data accuracy across your deals. By leveraging this feature, you can streamline your processes, reduce duplicate efforts, and ultimately drive the success of your real estate investments.
Experience the power of streamlined workflow with Blooma’s Linking Collateral feature. See it for yourself and discover how it can transform the way you manage collateral in your deals.
Get ahead of the curve and see it for yourself.