Lendsmart’s Partnership with RoundPoint Mortgage for its Digital Lending Capabilities

Published on January 5, 2022

A Freedom Mortgage Company Finds One Solution To Automate and Digitize its Lending Operations

NEW YORK, Nov 8, 2021— Lendsmart, an AI-driven digital lending platform, today announced its partnership with RoundPoint Mortgage Servicing Corporation, one of the nation’s largest fully integrated mortgage lending and servicing companies and a member of the Freedom Mortgage Corporation family of companies. 

RoundPoint Mortgage currently serves $75 billion worth of mortgage assets. With Lendsmart’s ability to digitize up to 70% of the lending and homebuying process, its partnership with RoundPoint solidifies a shared commitment to creating a significantly more streamlined home buying journey for borrowers and lenders. 

“We are delighted to be partnering with RoundPoint,” said AK Patel, Founder and CEO of Lendsmart. “Lendsmart’s automated pre-approval and underwriting tools takes the lengthy mortgage application process and reduces it to 10 minutes. RoundPoint’s presence and reputation in the industry as a Freedom Mortgage company will allow us to provide this value to more borrowers and lenders.”

Lendsmart’s platform will optimize the home buying experience for RoundPoint and its customers by unifying all parties involved in the home buying process, automating manual tasks, improving accuracy, minimizing lender risk, and reducing origination and operational costs. 

“At RoundPoint Mortgage, we’re dedicated to making the home buying and mortgage process simple, which is why we explored multiple different solutions for automating and digitizing our lending process,” said RoundPoint. “Lendsmart was the only end to end platform that offered every feature we were looking for in one solution. With Lendsmart, we can help more borrowers get a loan, refinance, or purchase a home in record time, while providing time-saving value and reducing the origination costs for RoundPoint.” 

Lendsmart is looking forward to growing its relationship with RoundPoint and being a valued partner in its loan purchasing and homeownership marketplace. 

About Lendsmart

Lendsmart (Founded in 2018) is an AI-driven digital lending platform that automates and digitizes lending and home buying operations to create a single, automated conversational experience for banks, credit unions, and non-bank lenders. 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.

About RoundPoint

RoundPoint Mortgage Servicing Corporation was founded in 2007 and is a large, fully integrated, agency and non-agency subservicer for commercial banks. The company is a subsidiary of Freedom Mortgage, one of the nation’s largest full-service mortgage companies and a leader in VA and government-insured lending. Roundpoint is headquartered in Fort Mill, SC with an office in Dallas, TX. Visit https://www.roundpointmortgage.com/ for more information.

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