Founded in 2018 and based in San Diego, Blooma drives a faster and more intelligent commercial real estate lending experience through the use of a unique digital underwriting platform driven by artificial intelligence and machine learning. Blooma’s AI platform helps lenders reduce loan origination time and cost and perform a more comprehensive analysis of their transactions. Integrating with dozens of third party market data providers, Blooma automatically analyzes asset and borrower data and continuously tracks and audits loans or entire portfolios in real time, providing lenders with early indications of risk. This unique approach reduces commercial loan origination time and costs by as much as 75% and significantly improves time to revenue for private and commercial banks and other lending organizations. Blooma has achieved both Service Organization Control 1 and 2 compliance.