February 12, 2021

How Lenders Can Speed Up the Process of Gift Letters

Some borrowers may receive their down payment as a gift. While this is acceptable, it does require a gift letter from the person who gifts the funds. The gift letter is one of the important documents for the approval process. Lenders will need to ensure that the letter includes the necessary information to process it…

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January 21, 2021

Benefits of Pre-Conditional Approval: How To Streamline the Process

One of the first things that a real estate professional recommends to a potential home buyer is to obtain a pre-approval in order to demonstrate to the seller that the buyer is serious about their purchase. However, encouraging borrowers to obtain a pre-conditional approval instead may offer more advantages to the customer, the lender, and…

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December 21, 2020

Streamlining Your Explanation Letter With Technology

Streamlining Your Explanation Letter With Technology We are in the hottest housing market in 14 years, and lenders are under incredible pressure to process mortgage applications quickly. Low rates have more buyers entering the market, while the shrinking number of available homes is making each purchase more competitive. Houses are selling an average of two…

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December 15, 2020

Using AI for Your Credit Inquiry Letters

Using AI for Your Credit Inquiry Letters We are in the hottest housing market in a decade and a half. Between rising prices and low rates, buyers are jumping into the market. While this has increased demand for mortgages, lenders still need to make sure they are aware of the risks. Finding quick solutions to…

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December 1, 2020

Lendsmart Partners with Matic Insurance

NEW YORK, NY, Nov. 24, 2020— We are eager to announce that Lendsmart has partnered with Matic Insurance, a digital insurance agency, in order to offer banks and lenders Matic home insurance through the Lendsmart platform.  “It’s through our partnerships with home service providers, like Matic, that we can continue offering homebuyers one digital experience,…

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December 1, 2020

Lendsmart Announces Technology Initiative with Day 1 Certainty®

NEW YORK, NY, Nov. 24, 2020— Lendsmart is proud to announce it now offers Day 1 Certainty® on its platform, a step forward for its end-to-end solution that automates and digitizes lending and home buying operations for banks, credit unions and non-bank lenders. Day 1 Certainty is changing the mortgage industry with Lendsmart’s asset, income…

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October 1, 2020

Lendsmart Wins “Best Of Show” At FinovateFall 2020

NEW YORK, NY, Sept. 29, 2020— Lendsmart, an AI-driven digital lending platform and home buying marketplace, has been awarded “Best of Show” at the 2020 FinovateFall digital conference for its technology that solves for the lack of automation, transparency and communication in the lending process. “Now in its second year, the Finovate Awards serve to…

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May 20, 2020

Fintech Companies, Lendsmart and Griffin Technologies, Partner to Improve SBA PPP Loan Process

Lendsmart and Griffin Technologies, two fintech companies building software for banks & credit unions, have partnered to provide their customers a complete end-to-end solution for the Small Business Association’s (SBA) Paycheck Protection Program (PPP).  By combining Lendsmart’s AI technology to automate the SBA PPP application with Griffin’s marketing platform to reach hyper-targeted small business owners,…

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May 10, 2020

Lendsmart Offering Banks & Credit Unions Complimentary Software to Digitize Lending, Refinancing Operations

New York, NY (March 27, 2020) — In response to the COVID-19 pandemic, Lendsmart, an end-to-end solution enabling banks & credit unions to completely digitize their lending and home buying operations, is offering their software free of charge for three months followed by a significantly discounted annual subscription. “When we saw mortgage rates hitting record lows,…

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