How Tech Is Transforming the Way Lenders Do Business

For commercial real estate lenders, the process of uncovering, organizing, and interpreting data on a property’s mortgage or debt history has always been a time-consuming and error-prone endeavor. Over the last several years, however, the industry has witnessed the emergence of CRE technology capable of quickly surfacing and aggregating property data points—including debt history and lender information—from a variety of disparate sources.

The unprecedented speed with which lenders are now able to access previously hard-to-find information has already begun to transform the way lenders conduct—and attempt to grow—their businesses. Freed from the burden of tedious discovery work, lenders have been empowered to rapidly identify and form relationships with leads, generate new business, research their competitors, and ultimately, close deals. Below, we’ll dive into four of the primary ways in which CRE data platforms will continue to transform the way lenders approach their work.