Blooma is a cutting-edge commercial real estate (CRE) lending software platform that leverages artificial intelligence (AI) and machine learning (ML) to revolutionize the loan underwriting and portfolio monitoring processes. Their innovative solution automates and streamlines the entire lending lifecycle, from deal origination to portfolio management, providing lenders with data-driven insights and analytics.
At the core of Blooma's platform is their automated underwriting software, which utilizes AI and ML algorithms to rapidly analyze vast amounts of data, including financial statements, property appraisals, and market trends. This technology enables lenders to evaluate loan applications and make credit risk assessments with unprecedented speed and accuracy, significantly reducing the time and effort required for manual tasks.
Blooma's software empowers lenders to scale their CRE businesses while slashing operating costs. By automating the underwriting process, Blooma eliminates the need for tedious data entry and complex calculations, allowing lenders to focus on closing more deals. Their platform performs comprehensive property, borrower, market, and financial analysis on every deal, calculating multiple valuations and providing up to 100 comparable properties for comprehensive risk assessment.
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