AI TOOL PROFILE
LendingStandard: Commercial Loan Origination Software
- Finance and Accounting
- Loan Origination Software
- Commercial lenders
- Banks
- HUD lenders
- CRE brokerage firms
- Private lenders
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Commercial lenders, Banks, HUD lenders, CRE brokerage firms, Private lenders
- Key use cases
- HUD MAP/LEAN Processing, Digital Document Collection, Credit Memo Automation, Portfolio Risk Monitoring, Brokerage Pipeline Management
- Integrations
- SalesForce, SS&C PLM, HubSpot, Excel import
- Official website
- Visit lendingstandard official website
How AI is used
LendingStandard is a cloud-based platform designed for the commercial real estate lending sector. It supports the progression of a loan from the initial origination and underwriting phases through to closing and asset management.
The software is designed for users including commercial banks, HUD lenders, private lenders, and CRE brokerage firms. It supports specialized programs such as HUD MAP/LEAN, GSE Freddie/Fannie, and USDA programs.
The platform helps users reduce manual data entry by allowing information to flow from the initial pricing stage through to the final credit memo. It includes a borrower portal to help coordinate the collection of required documentation and a toolset called DealDocs.AI for data extraction and risk monitoring.
Buyers should confirm how the preconfigured modules align with their specific regional HUD requirements or internal underwriting models before implementation.
Key Features
Loan Origination Support
Supports the process of capturing and processing commercial loan applications.
DealDocs.AI Borrower Portals
Provides a secure interface for borrowers to upload paperwork and check loan status in real time.
Covenant Monitoring
Includes tools to track loan covenants and send automated reminders to borrowers for compliance.
No-Code Administration
Allows business users to configure and revise origination and underwriting processes without writing code.
Data Extraction
Uses AI to extract relevant information from loan applications and unstructured communications.
Preconfigured Loan Modules
Offers out-of-the-box structures for HUD MAP and LEAN processes, including required checklists and numbering schemes.
SOC 2 Type II Certification
Maintains security standards for the protection of sensitive financial and client data.
Use Cases
HUD MAP/LEAN Processing
Using purpose-built modules to manage HUD-specific documents, checklists, and underwriting narratives.
Digital Document Collection
Using portals to collect borrower documents and reduce manual follow-ups.
Credit Memo Automation
Generating credit memos and templates using data already captured in the system to reduce duplicative entry.
Portfolio Risk Monitoring
Performing ongoing loan interrogation and covenant tracking to identify potential compliance gaps.
Brokerage Pipeline Management
Serving as a single source of truth for brokers managing open loans across multiple lender relationships.
Integrations
- SalesForce
- SS&C PLM
- HubSpot
- Excel import
FAQ
Who is LendingStandard designed for?
- It is designed for financial institutions, including commercial banks, HUD lenders, private lenders, and commercial real estate brokerage firms.
Does LendingStandard support HUD loans?
- Yes, it includes preconfigured HUD MAP and LEAN modules with built-in checklists, numbering schemes, and document structures.
What does the AI component (DealDocs.AI) do?
- DealDocs.AI provides AI-powered borrower portals for document collection and data extraction from loan applications.
How does the platform handle data security?
- The platform holds SOC 2 Type II certification and uses encryption and data access controls to protect client information.
Source category: Finance & Accounting
Source subcategory: Loan Origination Software
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