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Blooma and Ocrolus: Powering efficiency in commercial real estate lending with AI and standardized data

29 Aug 2023
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In the ever-evolving landscape of commercial real estate (CRE) lending, efficiency and accuracy are paramount for success. With Artificial Intelligence (AI) and data standardization, two industry leaders, Blooma and Ocrolus, are partnering up to revolutionize CRE loan underwriting. Together, they are helping to offer lenders the types of intelligent solutioning they need to bring about a new era of efficiency and profitability in the CRE lending space.

The role of AI in improving CRE loan underwriting

AI has emerged as a game-changer in various industries, and CRE lending is no exception. By harnessing the power of advanced algorithms and machine learning, Blooma’s AI platform can quickly analyze vast amounts of data, including financial statements, property appraisals, and market trends. The result? Faster, more accurate credit risk assessments and loan approvals.

Their innovative solution leverages advanced machine learning algorithms to automate and streamline the entire loan underwriting process. Through the use of AI and automation, Blooma enables lenders to make data-driven decisions quickly and accurately. Their platform significantly reduces the time and effort required for credit risk assessments, expediting loan approvals and improving overall operational efficiency for CRE lenders. With Blooma, lenders can stay ahead in the competitive landscape, offering faster and more reliable services to their clients while minimizing risks and unlocking new opportunities in the CRE market.

The importance of standardizing data for lending analytics

Data standardization is a critical aspect of lending, ensuring that information is uniformly organized and structured for comprehensive analysis. By automating data extraction and validation, Ocrolus provides a seamless way to convert unstructured data into a structured format. This empowers lenders to make data-driven decisions with confidence, identify trends, and minimize potential risks.

Ocrolus offers a cutting-edge platform that revolutionizes data validation and analysis for financial documents. Their product employs advanced AI and machine learning technologies to automate data extraction and standardization from various financial documents, such as bank statements, pay stubs, and tax forms. By providing highly accurate and structured data, Ocrolus enables businesses to make informed decisions faster and with greater confidence. Their key value points include improved efficiency in document processing, reduced manual errors, enhanced risk assessment capabilities, and the ability to unlock valuable insights from financial data. Whether for lenders, insurers, or other financial service providers, Ocrolus’ solution empowers customers to streamline operations, optimize workflows, and stay ahead in an ever-changing and data-driven marketplace.

The synergy of Blooma and Ocrolus: accelerating efficiency in CRE lending

The collaboration between Blooma and Ocrolus represents a perfect symbiosis of cutting-edge technologies. Blooma’s AI-powered platform allows lenders to evaluate loan applications swiftly, while Ocrolus’ data standardization solution ensures the accuracy and consistency of data used in the process. This dynamic partnership not only expedites loan underwriting but also significantly reduces the potential for human error, creating a robust and reliable lending environment.

Streamlining loan approval processes for CRE lenders

With Blooma and Ocrolus in tandem, CRE lenders can experience a seamless and accelerated loan approval process. The AI-driven analysis provided by Blooma enables lenders to make informed decisions swiftly, while Ocrolus’ data standardization minimizes the time spent on manually verifying and structuring data. As a result, lenders can offer a quicker and more efficient service to their clients, enhancing customer satisfaction and loyalty.

Empowering data-driven lending analytics

Data is the lifeblood of lending analysis, and both Blooma and Ocrolus recognize its significance. By leveraging AI and standardized data, lenders can uncover valuable insights and trends within their portfolios. This empowers them to optimize their lending strategies, identify profitable opportunities, and mitigate potential risks, ultimately leading to better overall portfolio performance.

The partnership between Blooma and Ocrolus is an important step in creating a beneficial ecosystem of technologies for players in the commercial real estate space. In today’s market environment, many firms are struggling with the decision to hold fast or accelerate innovation – unsure of when the dust will settle. For those that forge ahead, they are faced with the unwieldy task of weighing the benefits of “build vs. buy” and, in either case, building a technology stack that can stand the test of time.

Partnerships are a core tenant of the company ethos for both Blooma and Ocrolus because of the numerous benefits for professionals looking to leverage existing technology rather than trying to reinvent the wheel. By combining the power of AI and data standardization, these two industry leaders are driving efficiency and accuracy, making loan underwriting faster and more reliable than ever before.

Embrace your inner change champion

As the industry continues to evolve, embracing innovative technologies has become a strategic imperative for lenders seeking to thrive in a competitive market. But what does that look like? And how to do this effectively? Look no further. This October, Blooma and Ocrolus are co-hosting a Virtual Workshop where you can find out how to construct the perfect CRE technology stack – and more importantly, how to initiate and lead innovation initiatives in your organization.

Click the link to reserve your spot.

The future of CRE lending is here, and Blooma and Ocrolus are here for it.

Learn more about Ocrolus here

Learn more about Blooma here.