Empowering Your Lending Efforts with Unprecedented Insights

Human beings tend to know gazillion different things at any given time, and yet there is nothing we know better than growing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new fintech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

Business Funding, LLC, a leader in innovative lending solutions such as LenderAI and Lending as a Service (LaaS), has officially announced the launch of an all-new product in LenderAI Insights, which is designed to leverage public data sources to offer unprecedented, actionable reporting on the Small Business Administration (SBA) lending industry. Talk about some granular level features coming into play here, we begin from the product’s ability to offer a cutting-edge brand of industry trend analysis. You see, by delivering at the user’s disposal a more real-time trend forecasting, the solution is able to facilitate strategic decision-making unlike many other solutions currently on the market. Next up, we must dig into the LenderAI Insights’ risk assessment capabilities. These capabilities notably keep comprehensive risk profiles at the heart of everything, profiles that are then used to generate insights for a rather intelligible portfolio management. Staying on the prospect of in-depth data, the solution is also well-equipped in regards to analyzing different market sectors, something it does to realize targeted business growth. Interestingly enough, iBusiness Funding’s latest brainchild also comes decked up with the means necessary to apply certain proprietary models that, in turn, know a thing or two about anticipating market changes, an idea which is primarily supported through public data.

“LenderAI Insights is unique in its adaptability. We’re able to build additional models and dashboards as requested by customers using the platform with exclusively public data. We’re launching LenderAI Insights as a standalone product, but clients will be able to access all the functionality directly in LenderAI itself in the near future using their existing client logins. We’re excited to see how lenders will leverage the data to impact their businesses, and we are committed to continuously enhancing the product,” said Chris McCay, VP of Product for iBusiness Funding.

Another detail worth a mention here is how iBusiness Funding has chosen to provide the solution in focus at absolutely no cost whatsoever. In case the whole value proposition still doesn’t appeal to you, then it might be worth mentioning that you also don’t have to be an existing LenderAI client to enjoy the latest LenderAI Insights’ product.

“We believe that public data should be both public and free. Some companies charge for access to this kind of publicly available information; we think it should be accessible to all. We’ve invested our resources, expertise, and time into transforming complex sets of data into actionable insights, not as a revenue stream for us but as a catalyst to propel the entire SBA lending industry forward. We’re offering a free, straightforward way for lenders to leverage this invaluable data to directly impact their business growth,” said Justin Levy, CEO of iBusiness Funding.

Although already quite expansive in its nature, LenderAI Insights is set to receive an even broader set of features over the next few weeks. Among the other new features slated to hit the deck, we have loan level pricing and terms, franchise and funding data segmented by region, and additional competitive insights etc.

Founded in 2013, iBusiness Funding’s rise to prominence is rooted in the way it helps lenders and banks to access a range of lending solutions, with the its product suite notably specializing in SBA lending. The company’s excellence in what it does can also be validated by the fact that it has, so far, processed over $5 billion in SBA loans. Also, at the moment, it is processing over 1,000 business loan applications through its platform every day.