The days of manually pulling comps and wasting hours trudging through borrower documents is over. The Blooma platform serves as a digital underwriting assistant by automating the collection, aggregation, and analysis of deals to help lenders determine the right asset valuation and deal attractiveness with minimal human interaction. This includes asset, borrower, and financial analysis, as well as loan portfolio management, and tracking and auditing of loans over time. The platform is primarily driven by Blooma’s artificial intelligence analysis and scoring of each deal according to the lender’s predefined lending profile.
Blooma’s AI can read an offering memorandum, automatically pull relevant comps, read borrower documents, spread a borrower’s cashflow/liquidity, and analyze an asset’s potential LTV in a matter of minutes. Additionally, Blooma can integrate with existing LOS Systems, so lenders do not have to change their current user interface. The Blooma platform will simply streamline the data that underwriters are already manually entering into the existing LOS system making the loan underwriting and origination process far more efficient.