Customers on one topic
AI Underwriting for Commercial Loan Brokers: 3 Brokers on Speed and Lender Matching
Chapters
Transcript
What each customer said on camera, by chapter. Captions are lightly corrected for product and company names.
Full transcript
Hub Funding Solutions: Friday 5:15pm → approval
Sure, so we're not, we're a boutique lender, we're not volume, but it's allowed us to be able to have conversations now with vendors. I wasn't really able to do vendor business in the past because I didn't have a good system set up for it, but now we do. And I was able to talk with a vendor, a vehicle vendor in Houston, and he called me on a Friday at 5:15 and said, hey, can you do this vehicle for my client? And I knew, I was like, man, I want to show him what we can do. I sent the link, he was sitting there with the customer, they filled it out, she signed it, we were done. I was able to pre-qualify it in five minutes, tell him, hey, I think we can do this, send it in, because I went to my people on the West Coast because I had two more hours on the West Coast. So I went to the West Coast, got my approval, brought it back, and so I was able to do that within completely, complete app and submission and approval in my hand in an hour and a half on a Friday. And I wasn't able to do that before, and it's given us the ability to take on more
The Funding Booth: a read in front of the vendor
If I'm on the road too, I can send in the application and I can look right at it on my phone. I've been in front of a few vendors before and, you know, they have an app and I'm like, okay, cool, let me take a look at it. And I'll send it to the submissions portal. And then within like three minutes, you know, you know, just small talk the vendor for a few minutes. And then I'm like, oh, hey, the deal's ready to be looked at. Let me take a look and see what we can do. And then right then and there you're able to say, this is a deal I can get done. It's going to be a good, solid rate or this isn't a deal I can get done or this is a deal I can get done, but it's not going to be the prettiest terms. So to be able to do that in a matter of minutes versus, you
Finance Pros Inc: lender matching
Now I'm able to have more teammates working with us because of the system. They don't have to do anything. They pretty much gather, they read, analyze, decide if it's going forward to the lender, put the package together and send it to the lender. So it's a much more efficient process. And the lender matching, of course, is great. You know, after we've added the lenders, having those there, verifying everything. I mean, I know everything, but their blood type and how many children they have in a matter of seconds. So to me, that's really important. We've made decisions quickly. You know, this is not going to fly. We're not bothering the lender. So we have a better relationship with the lender too, because of
The Funding Booth: more lenders, simpler decisions
Oh, yeah, I have many times. Yeah, I recommend you guys to anybody who is processing a fair amount of apps. On the broker side, it's going to save you a ton of time. It's going to save you a bunch of headaches. It's going to keep you in more compliance. It really has everything that you need to be successful. And the platform is really about what you put into it too, which is cool because the more lenders you have, the more complex your decision making gets and Kaaj makes that really easy to navigate, especially if you have a, you know, a lot of lending partners that you lean on. From a
