Stratton Equities Selects Lendsmart to Accelerate Underwriting Process | Business

NEW YORK–(BUSINESS WIRE)–January 24, 2022–

Lendsmart, an AI-powered digital lending platform, today announced its partnership with Stratton Equities, the leading national direct hard money lender and NON-QM, specializing in fast and flexible lending processes for borrowers owning real estate investment properties.

Stratton Equities integrates with Lendsmart’s AI-powered underwriting platform to underwrite loans in advance and reduce loan application processing time.

“Lendsmart predicts credit and underwriting terms 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 for news. underwriter,” said AK Patel, Founder and CEO of Lend Smart.

Lendsmart’s Optical Character Recognition (OCR) technology will provide the Mortgage Broker with access to the necessary source data, enabling instant verification of assets, income, employment, as well as automatically completed 1003 and loan application forms .

“With Lendsmart, we can provide a higher level of service to our customers and dramatically improve the onboarding experience,” said Michael Mikhail, CEO. “We can also approve customers faster and negotiate more deals.”

The partnership will allow Lendsmart to continue its goal of supporting lenders with the latest technology and helping more borrowers get a loan in record time.

About Lendsmart

Lendsmart (founded in 2018) is an AI-powered digital lending platform that automates and digitizes lending and home buying transactions to create a unique, automated conversational experience for banks, credit unions, and businesses. non-bank lenders. By using artificial intelligence to digitize up to 70% of the loan and home buying process, Lendsmart enables borrowers to obtain a loan, refinance or buy a home in record time. For more information, visit https://lendsmart.ai.

About Stratton Stocks

Stratton Equities is the nation’s leading hard money and NON-QM direct lender, specializing 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. For more information, visit https://www.strattonequities.com/.

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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: SOFTWARE CONSTRUCTION & REAL ESTATE INSURANCE FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY REIT

SOURCE: Lendsmart

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PUBLISHED: 01/24/2022 2:17 PM / DISK: 01/24/2022 2:18 PM

http://www.businesswire.com/news/home/20220124005722/en

Copyright BusinessWire 2022.