LendingHome continues to fine tune its tech platform.
Now, when a borrower applies for a loan, the tech instantly pulls every home they’ve bought and sold and similar homes near the property under consideration. Automated technology looks at how much experience the borrower has. If he or she has more experience, they are less likely to default. As a result, the tech platform is able to predict whether a project will be financially successful, because LendingHome implemented tech-enabled credit models specific to this space. Access to big data and instant algorithms make accurate lending decisions within seconds.