Stratton Equities announces partnership with Lendsmart
By Edlyn Cardoza
Lendsmart, an AI-driven digital lending platform, recently announced its partnership with Stratton Equities, the leading Nationwide Direct Hard Money and NON-QM Lender specialising in fast and flexible lending processes for borrowers with real estate investment properties.
Stratton Equities is integrating with Lendsmart’s AI-powered underwriting platform to underwrite loans upfront and reduce the loan origination processing time.
“Lendsmart predicts the credit and underwriting conditions required in the loan origination process by matching them to a borrower’s data in real-time, rather than making the borrower wait over a month to hear from the underwriter,” said AK Patel, Founder and CEO of Lendsmart.
Lendsmart’s Optical Character Recognition (OCR) technology will provide the mortgage broker with access to necessary source data, allowing for instant verification of assets, income, employment, as well as auto-completed 1003 and loan application forms.
“With Lendsmart, we can provide a higher level of service to our clients and significantly improve the onboarding experience,” said Michael Mikhail, CEO and Founder of Stratton Equities. “We can also approve clients faster and close more deals.”
The partnership will allow Lendsmart to further its goal of supporting lenders with the latest in technology and help more borrowers get a loan in record time.
Lendsmart is an AI-driven digital lending platform that automates and digitises lending and home buying operations to create a single, automated conversational experience for banks, credit unions, and non-bank lenders. Using artificial intelligence to digitise up to 70% of the lending and home buying processes, Lendsmart allows borrowers to get a loan, refinance, or purchase a home in record time.
Stratton Equities is the leading Nationwide Direct Hard Money & NON-QM Lender, specialising in fast and flexible lending processes. Its team is owned and operated by experienced real estate investors providing a reliable and knowledgeable team to help all real estate investors succeed.
Recently, IBS Intelligence reported that Legence Bank, a progressive IL-based community bank, has chosen Lendsmart, an AI-driven digital lending platform, to streamline its digital lending operations and better serve its customers.
IBSi Daily News Analysis
July 06, 2022
As cost-of-living crisis bites, how can financial services support their customers?Read More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage