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

Published on May 10, 2020

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, a surge in refinancing demand, and people unable to leave their homes because of COVID-19, we knew we needed to step up quickly to help smaller banks continue to serve their customers,” said AK Patel, Founder & CEO of Lendsmart.

Mortgage rates have dropped to their lowest point in 50 years and lenders are seeing more demand than the ability to process applications. The COVID-19 pandemic’s stay-at-home precautions hinder smaller banks and credit unions, without a full digital presence, from capitalizing on this mortgage and refinancing boom.

Lendsmart gives banks of all sizes access to tools vital to the financial health of their company. Banks can use Lendsmart to quickly & easily bring their lending, refinancing, and home buying processes online.

“Our mission is to help banks and credit unions transition to and compete in the digital economy,” said Patel. “The COVID-19 pandemic has shown us just how critical this transition is for companies.”

Lendsmart is waving implementation and annual support costs, as well as making deferred payment options available. Banks and credit unions can now sign up for Lendsmart for free at lendsmart.ai.

 

AK Patel
Founder, CEO of Lendsmart
pr@lendsmart.ai | 718-578-605

 

About Lendsmart

Lendsmart uses artificial intelligence to digitize the lending and home buying processes for banks & credit unions, allowing borrowers to get a loan, refinance or purchase a home in record time.

Their centralized platform unifies all parties involved while also automating manual tasks, improving accuracy, minimizing lender risk, and reducing origination & operational costs.

Features include a real-time service providers, an AI-powered underwriting process, the ability to instantly verify assets, income, employment, and identity, and auto-completed 1003 and loan application forms.

For more information visit lendsmart.ai or email us at info@lendsmart.ai.

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