Northmarq partners with SeeCares, implementing AI technology to accelerate loan quote process
MINNEAPOLIS (May 2, 2023) — Northmarq is implementing artificial intelligence (AI) technology to significantly reduce the loan quote process — from days or weeks to just a few minutes — to provide even faster service to our clients. Northmarq is incorporating the technology from a new strategic partner, Tel Aviv-based SeeCares — the world's premiere AI technology platform for streamlining commercial real estate financing workflows.
“With 7,000-plus loans serviced and $37 billion in deal volume annually, Northmarq is truly an industry leader. We’re thrilled to be partnering together,” said SeeCares CEO Moshe Yeli in a press announcement today. “Northmarq’s commitment to adopting AI in streamlining processes will ultimately put them at the industry forefront, and we’re excited to help them reach more deals at the best terms more quickly.”
The SeeCares platform will leverage data analytics compiled from hundreds of data sources, making them accessible and usable via AI technology. As a result, Northmarq’s unique models will be filled with relevant market data to produce loan quotes within minutes.
“The SeeCares technology is revolutionizing this process at Northmarq, which will enable us to harness data and automation to streamline this strategic area of our business," said Jay Donaldson, president — Fannie Mae and FHA. “We look forward to continue collaborating with SeeCares and believe that harnessing data and automation to get clients smarter quotes faster will allow Northmarq to beat the experience and terms of any other commercial real estate lender.”
About SeeCares:
SeeCares empowers CRE lenders, seller services, mortgage brokers, and sponsors to scale their business 10x faster using end-to-end underwriting automation and data aggregation. With SeeCares CRE stakeholders are able to optimize their analysis process and offer best-in-class service to their clients with instant loan quotes and credit memos. For more information, visit https://seecares.com.