Hacking the Modernization of Commercial Real Estate Lending

Written by brianwallace | Published 2021/06/30
Tech Story Tags: real-estate | real-estate-technology | real-estate-tech | lending | cobol | infographic | infographics | online-real-estate

TLDR In 2019, 43% of US banks still use a program language that predates the internet. Modern tech has built into numerous markets, but it still takes 3 months to complete a deal. Digital negotiation and bidding also reduces the time it takes to reach a deal that everyone can benefit from. Fintech lenders process applications 20% faster without an increase in defaults. The shift to e-commerce impacts both, with the shift to mini-warehouses for curbside and delivery services.via the TL;DR App
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Written by brianwallace | Founder @ NowSourcing | Contributor at Hackernoon | Advisor: Google Small Biz, SXSW | Founder of The Innovate Summit
Published by HackerNoon on 2021/06/30
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