$19,000,000: $10,200,000 “Non-Recourse”

Credit Facility and $8,800,000 in JV Equity Financing
for 9,550 SF Creative Office Conversion with Ground

Floor Retail in Miami, Florida.

72% of loan applications are now being streamlined

When Qualified leads and seamless loan packages are delightful

In today’s world, lenders are looking for the best tools to streamline their business. In order to be competitive and being able to close deals fast, lenders need to run seamless processes all the way to funding

Quanta Finance is one of the lenders that face these challenges on daily basis. The long origination process along with underwriting is a daunting task. These repetitive tasks, can and should be automated. “At the end of the day, it’s about the speed to close. If we’re able to close a loan from start to finish within 14 days, then it’s a huge win to the customer. We ought to streamline the process in order to win the deal and keep up with a great experience for the borrower”

In order to maintain such a process, the utilization of automation tools are a must. As such LoanBase provides everything that is needed in terms of pre-underwriting: getting a qualified lead with a complete loan package, easy to access and manage dealroom where the borrower can upload and update all the info- and above all – this process saves us at least 75% of time spent on screening, pre-underwriting and issuing an LOI. 

As a bridge lender with multiple products: construction, rehab, fix and flip and even stabilized properties, Quanta had to find a set of tools to allow better leads, more new prospects, and faster closing. LoanBase sent pre-qualified leads with a comprehensive loan package to each of the borrower’s deals and with a complete borrowers profile- no more back and forth questions- everything is just simple and organized: ” This is the best loan package I’ve ever got, this saved me at least 70% of the time previously spent on putting the loan request together”.
When the borrower gets better service, then the chances of closing rates go up and time spent on each loan is drastically reduced. 

77% of loan applications are self-serve

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“Once a member, always a member. Your life is our mission.” For most lenders, delivering on such a strong promise might
seem unnerving – perhaps even impossible. For Navy Federal Credit Union, it’s been the norm for over 80 years.

Navy Federal’s decades-long member-focused success requires two key components. First is a team that fundamentally
believes in the organization’s goals. As Randy Hopper, senior vice president of mortgage lending put it, “We’re all focused
on our members, and we really do believe our members are the mission.”

Next, it requires the tools needed to ensure members receive the best service available to them, no matter where in the
world they may be. This is complicated by the reality that, as Hopper explained, “Expectations are changing, and we have to
deliver an elevated experience.”

As expectations change, so too do the tools required to ensure Navy Federal continues to provide world-class service. To
address shifting needs, Navy Federal Credit Union partnered with Blend to spearhead a digital transformation. Together,
the two teams implemented a Digital Lending Platform, empowering credit union staff to provide an unparalleled member
experience across members’ channel of preference.

77% of loan applications are self-serve

Lorem ipsum dolor sit

“Once a member, always a member. Your life is our mission.” For most lenders, delivering on such a strong promise might
seem unnerving – perhaps even impossible. For Navy Federal Credit Union, it’s been the norm for over 80 years.

Navy Federal’s decades-long member-focused success requires two key components. First is a team that fundamentally
believes in the organization’s goals. As Randy Hopper, senior vice president of mortgage lending put it, “We’re all focused
on our members, and we really do believe our members are the mission.”

Next, it requires the tools needed to ensure members receive the best service available to them, no matter where in the
world they may be. This is complicated by the reality that, as Hopper explained, “Expectations are changing, and we have to
deliver an elevated experience.”

As expectations change, so too do the tools required to ensure Navy Federal continues to provide world-class service. To
address shifting needs, Navy Federal Credit Union partnered with Blend to spearhead a digital transformation. Together,
the two teams implemented a Digital Lending Platform, empowering credit union staff to provide an unparalleled member
experience across members’ channel of preference.

Start your loan application

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