May 25, 2022
  • May 25, 2022

One of the nation’s largest lenders turns to technology

By on January 18, 2022 0

In making the announcement, Kiavi noted that the additions come in a context that “…tips the balance towards real estate investors.” Asked to explain, Bourque said: “Kiavi is well positioned to help real estate investors unlock the full potential of their real estate investments. With more than 15 years behind in new construction and more than a third of American homes around 30 years old or older, real estate investors are helping revitalize neighborhoods across the country.

As the company’s technology helps simplify the financing process for its real estate investors, Bourque added that there is an opportunity to meet customer needs throughout the real estate investment lifecycle. “Under the guidance and guidance of our Board members, we believe we are in a stronger position to focus and scale the business to meet the needs of our customers.”

Having technology experts among newly appointed board members will surely increase the company’s heavy reliance on technology to help customers, Bourque suggested: “Our technology simplifies the lending process which is often antiquated and opaque,” he said. “Speed ​​is key in real estate transactions, and the ability to secure financing is key to our clients’ success. Our platform makes it quick and easy for customers to learn about our products and obtain loans. And through our authoring process, we’re able to leverage the results of our AI and ML models to recommend changes to clients’ renovation plans to ensure they’re set up for success. project.

“In addition, our technology platform can track loan performance and renovation progress and use the collected data to inform, improve and personalize our service strategies. This in turn helps our customers make informed decisions.

In short, the new board members bring “…a unique skill set and broad leadership experience in segments that are critical to Kiavi’s business and critical to helping the company grow,” the CEO said. CEO.