Digital underwriting platform powered by artificial intelligence streamlines CRE lending.
Regions Bank on Wednesday announced its adoption of Blooma’s commercial real estate (CRE) lending solution, a cloud-based platform that automates manual portions of the lending workflow and connects various tools and data sources to support investor and developer clients with more efficient financing options in the commercial real estate space.
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Regions’ Real Estate Banking teams have already seen notable efficiency gains since the adoption of the Blooma solution. Some components of the process workflow have been reduced from days to hours, allowing Regions to communicate lending decisions faster. (Photo: Business Wire)
“Regions Bank is consistently investing in its specialty capabilities, delivering a more seamless and intuitive client experience that’s backed by the dedication of our experienced banking teams,” said Scott Rhoad, Income Property Finance…