Any bankers, lender, and brokers want to test a beta?

Question

Hi Everyone!

My team and I are trying to test a product that will help bankers, lenders, and brokers on their underwriting and credit analysis of a borrower and their investment. It's a combination of machine learning, crazy algorithms, and big data, to create a one-of-a-kind appraisal and credit report. We are searching for interested parties to test the beta before we launch. Let me know if you are interested! This will be awesome!!

Thanks,

Franco

Franco Li · Answer

Account Closed!

Ideally, we would need certain data points from you guys, like a zip code and what type of terms your borrower is looking for, etc. Our analysts and myself, will then run a series of things on the investment (this is where the machine learning and crazy algorithms kicks in) and can give you a rough idea of whether the place actually makes money. We are pretty confident about this considering we have methods to scrape the internet and find live data points (instead of Zillow and Trulia, that requires people to input aged data). As a lender, you can hopefully then decide if the borrower is either too optimistic or right on target. Thanks again, look forward to reaching out soon.

Franco Li · Answer

Thanks again!

Jay Hinrichs · Answer

not that I lend much anymore these days.. but I used to.... so would be happy to gaze at it for you.. as long as its not too complicated.. I don't do computer complicated well..

Franco Li · Answer

@Jay Hinrichs

Agreed! I don't think a conventional lender will use this, largely because they'll recycle the debt anyway - i.e. securitization.

But I am looking for either HML, or even local lenders and credit unions who may benefit from this. Honestly, this is no cost to a lender or broker, since the cost isn't charged to them and will carry down to the borrower. Appreciate your feedback!

Jay Hinrichs · Answer

sounds like a tool for a HML not really a conventional lender that uses govmit backed funds.

Chris Mason · Answer

I always complain about the software we use, as recently as today, so I'll give it a whack.

Any bankers, lender, and brokers want to test a beta?

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