Search
 
Exclusive

RealtyMogul Sells Proprietary AI Underwriting Technology

The crowdfunding pioneer has sold a machine learning an AI underwriting tool to Hunt Real Estate Capital, GlobeSt.com has learned EXCLUSIVELY.

Jilliene Helman Jilliene Helman is the CEO of RealtyMogul.com

Crowdfunding pioneer RealtyMogul has sold proprietary machine-learning and artificial intelligence software to Hunt Real Estate Capital, GlobeSt.com has learned exclusively. The tool was developed for commercial real estate underwriting. It can comb through tens of thousands of transactions, and uses big data software to analyze the commercial real estate market. Hunt plans to use the tool throughout its commercial real estate lending business. The terms of the deal were not disclosed.

“We originally built the software to try and solve one of our key problems: we have had over 30,000 transactions submitted to us online, and we had to have a way to comb through those submissions and quickly identify transactions where we wanted to spend more time doing deeper underwriting,” Jilliene Helman, CEO of RealtyMogul, tells GlobeSt.com. “We also wanted to do this by removing personal bias from the underwriting process.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.