In commercial real estate investing, less than 10% of all deals ultimately end up getting approved after due diligence is done. This means that for CRE underwriters, approximately 90% of their time is wasted. However, in this interview from the UpTech report, CEO of Blooma, Shayne Skaff, explains how his company’s underwriting platform is helping CRE lenders to evaluate deals using the power of AI instead.

Perhaps the creditworthiness of the potential buyer isn’t up to par, the property has hidden issues, or the listing price is actually way higher than the appraised value. Or maybe, it’s actually the perfect deal!

Blooma is helping real estate analysts to make better decisions and answer these risk-related questions by using artificial intelligence.