lending institutions - FinTecBuzz https://fintecbuzz.com Fintech News Thu, 12 Sep 2024 05:15:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://fintecbuzz.com/wp-content/uploads/2019/04/cropped-Original-black-FinTech-512-32x32.png lending institutions - FinTecBuzz https://fintecbuzz.com 32 32 Lev Expands Digital Platform to Support Debt Brokers in Commercial Real Estate Financing https://fintecbuzz.com/lev-expands-digital-platform-to-support-debt-brokers-in-commercial-real-estate-financing/ Wed, 11 Sep 2024 17:00:03 +0000 https://fintecbuzz.com/?p=64748 AI-powered solution streamlines lender discovery and data management for debt brokers

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Lev, the digital financing platform for commercial real estate, announced a major expansion of its AI-powered commercial real estate platform to support debt brokers. This strategic move extends Lev’s innovative technology beyond sponsors, providing brokers with a comprehensive suite of data and tools designed to solve critical pain points in their daily operations.

The expanded platform addresses the most pressing challenges faced by debt brokers: time-consuming lender research, inefficient deal management, and fragmented data tracking. By centralizing these functions in a single, automated platform, Lev aims to significantly increase broker productivity and deal flow.

“Since our earliest days, we consistently heard from brokers about the hours lost to repetitive tasks and disjointed processes and a desire to leverage our platform for that purpose,” said Yaakov Zar, founder and CEO of Lev. “Our expanded platform is a direct response to these requests, providing brokers with the tools they need to focus on what truly matters—closing more deals and building stronger client relationships.”

Lev’s expanded platform offers a comprehensive suite of AI-powered tools that revolutionize how debt brokers operate. The platform dramatically reduces lender research time by providing the industry’s most comprehensive lender database of over 4,000 lending institutions, leveraging AI to help brokers understand every lender’s preferences, historical transactions, and current market activity. Automated deal management features, like AI-generated deal books and task automation, save hours of manual work. The platform centralizes all client and lender information, offering a unified view of deals and communications, and instantly surfaces the most relevant lenders for their specific deal. Real-time market intelligence tools help brokers structure deals more accurately and competitively for their clients.

This expansion represents a significant leap forward, empowering brokers with cutting-edge technology, setting a new standard for efficiency in commercial real estate financing, and enabling them to focus on high-impact activities that drive business growth. Lev’s platform combines powerful tools with bank-level security, allowing brokers to leverage insights while maintaining full control of their proprietary data and client relationships.

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Xactus Announces Integration with ACES Quality Management® https://fintecbuzz.com/xactus-announces-integration-with-aces-quality-management/ Tue, 10 Sep 2024 17:30:05 +0000 https://fintecbuzz.com/?p=64688 Xactus, a leading verification innovator for the mortgage industry, announced that it is now integrated with ACES Quality Management. ACES Quality Management and Control® software helps lending institutions achieve audit efficiency across their mortgage origination, consumer lending, loan servicing and specialty lending activities. With the addition of Xactus to ACES’ network of integrated third-party verification service providers, lenders can order, track and receive Xactus re-verification documents directly within the ACES Quality Management & Control platform to streamline...

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Xactus, a leading verification innovator for the mortgage industry, announced that it is now integrated with ACES Quality Management. ACES Quality Management and Control® software helps lending institutions achieve audit efficiency across their mortgage origination, consumer lending, loan servicing and specialty lending activities.

With the addition of Xactus to ACES’ network of integrated third-party verification service providers, lenders can order, track and receive Xactus re-verification documents directly within the ACES Quality Management & Control platform to streamline the quality control (QC) audit process and eliminate errors from manual data re-entry. Xactus verification reports now available within ACES include Employment Verification, Credit Report, and Tax Transcripts.

“We’re thrilled about this integration. We’re giving ACES’ users access to our top-tier verifications enhancing their ability to support their loan quality and risk management initiatives,” said Michael Crockett, Chief Operating Officer of Xactus.

“This integration represents a significant advancement for our clients, providing them with streamlined access to critical, best-of-breed verification services directly within ACES,” said Trevor Gauthier, CEO of ACES Quality Management. “By incorporating Xactus’ comprehensive verification services into our existing network, we’re empowering lenders to enhance the efficiency of their quality control processes while maintaining the highest standards of loan quality and mitigating potential risks.”

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