Loan Platform W/350M In Loans Generated
Relocatable, CA Los Angeles County
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- RE: Loan Platform W/350M In Loans Generated
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $1,900,000 | |
| Annual Revenue: | $1,200,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $779,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2017 | |
| Employees: | 11 | |
| BBN Listing #: | 937336 | |
| Broker Reference #: | FINTECH |
Business Overview:
This disruptive loan platform automates the front-end underwriting and lender matching process for commercial, residential, business and personal loans at a 95% match rate (double the competition). The software’s artificial intelligence (AI) component can scan personal financial statements and tax returns, thus replacing tedious data input while automatically populating member partner’s required loan application data. These automations allow the users to reduce 80% of the time it takes to complete loan applications. Also, by reducing a company’s reliance the traditional loan officer’s role, it allows them to shift focus to business development.
This fintech company’s SAAS software helps to match banks, lenders, brokers, real estate agents, consultants and consumers efficiently find the right loan. The company’s database, which is syndicated with over 300 leading lenders, has funded $850M+ in loans.
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Property Features and Assets:
This company operates out of an office with a full staff of experienced lending professionals, software developers and operations personnel. Given the nature of the opportunity, buyers may opt to relocate the business or embrace a virtual or hybrid model.
Market Competition and Expansion:
This platform stands out from lead aggregators such as Lendio and Lending Tree that strictly work on a referral only basis. Alternately, while Numerated, Turnkey-Lender or Ncino also provide a lender dashboard they don’t offer full spectrum lending or uncapped requests. None of these competitors boast the OCR (optical character recognition) technology this opportunity possesses that’s helped it to achieve a 95% funding rate.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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