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 highlight strong work done by the companies who are driving fintech innovation forward and the individuals who are bringing new ideas to life,” said Greg Palmer, VP, Finovate.
Lendsmart was developed to eliminate the stress and confusion associated with the lending and home buying journey. Its end-to-end solution automates and digitizes lending and home buying operations for banks, credit unions and non-bank lenders. By partnering with home service providers, Lendsmart offers the homebuyer one digital experience, shortening the overall time to move into a home from 60 to 10 days.
“Best of Show” was determined by popular vote, and attendees voted for their five favorite companies based on the demo quality and potential impact of the innovation demoed.
“We are honored to be recognized by Finovate and members of our industry as a ‘Best of Show’ winner, and we’re eager to continue shaping this next generation digital experience,” said AK Patel, founder and CEO of Lendsmart. “Our clients have given us unbelievable feedback so far, and we’re excited to see their instant increase in production. It confirms our belief in our business model and the value of automating the home buying process.”
Lendsmart is an AI-driven digital lending platform founded in 2018. Using artificial intelligence to digitize up to 70% of the lending and home buying processes, Lendsmart allows borrowers to get a loan, refinance, or purchase a home in record time. For more information, visit https://lendsmart.ai.