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Funding 365, a leading provider of innovative financial technology solutions for the asset-based lending industry, has announced the launch of its groundbreaking AVM Bridge product. This new offering promises to streamline the borrowing process, reduce appraisal delays, and significantly improve access to capital for businesses relying on asset-based lending (ABL). The product leverages the power of Automated Valuation Models (AVMs) to provide a faster, more efficient, and cost-effective alternative to traditional appraisal methods, significantly impacting the speed and efficiency of the entire lending cycle.

Revolutionizing Asset-Based Lending with AVM Technology

The traditional asset-based lending process often involves lengthy appraisal delays, creating bottlenecks and hindering access to much-needed capital. This is particularly true for small and medium-sized businesses (SMBs) that often lack the resources to navigate the complexities of traditional appraisal processes. Funding 365's AVM Bridge product directly addresses these challenges by integrating cutting-edge AVM technology into the lending workflow.

This innovative approach allows lenders to obtain near-instant valuations of various assets, including real estate, equipment, and inventory. By eliminating the need for lengthy, in-person appraisals in many cases, the AVM Bridge dramatically reduces processing times, enabling faster loan approvals and disbursements. This speed and efficiency are crucial for businesses needing quick access to funding for operational needs, expansion plans, or emergency situations.

Key Features and Benefits of Funding 365's AVM Bridge:

• Accelerated Loan Processing: Significantly reduces the time required for loan origination and approval, enabling faster access to capital.
• Reduced Appraisal Costs: Eliminates or minimizes the expense associated with traditional appraisals, saving both lenders and borrowers significant money.
• Improved Efficiency: Streamlines the entire lending process, improving overall operational efficiency for both lenders and borrowers.
• Enhanced Transparency: Provides lenders and borrowers with clear and readily available asset valuations, fostering trust and transparency.
• Increased Access to Capital: Opens up access to financing for businesses that may have been previously excluded due to the time and cost constraints of traditional appraisals.
• Data-Driven Decision Making: Provides lenders with robust data analytics to inform better lending decisions and reduce risk.
• Integration with Existing Systems: Seamlessly integrates with existing loan origination systems (LOS) for ease of use and efficient workflow management.

Addressing the Challenges of Traditional Appraisals in Asset-Based Lending

The traditional appraisal process, while thorough, is often slow, expensive, and prone to delays. These delays can be detrimental to businesses needing immediate funding. The reliance on human appraisers also introduces the potential for subjective biases and inconsistencies.

Funding 365's AVM Bridge overcomes these challenges by leveraging the speed and accuracy of advanced AVM algorithms. While not a complete replacement for traditional appraisals in all cases, the AVM Bridge offers a significant improvement in speed and efficiency, particularly for lower-value assets or routine transactions. This allows lenders to handle a higher volume of loan applications and serve more clients effectively.

How AVM Bridge Improves the Lending Experience for Both Borrowers and Lenders:

For Borrowers:

• Faster Funding: Receive loan approvals and funding much quicker than with traditional methods.
• Lower Costs: Benefit from reduced borrowing costs due to the lower appraisal expenses.
• Simplified Process: Experience a smoother, more streamlined borrowing experience.

For Lenders:

• Increased Efficiency: Process more loan applications in less time.
• Reduced Operational Costs: Lower appraisal costs translate to significant cost savings.
• Improved Risk Management: Utilize data-driven insights to make more informed lending decisions.
• Competitive Advantage: Offer faster and more efficient loan processing, attracting more borrowers.

The Future of Asset-Based Lending: Embracing Technology for Growth

The adoption of innovative technologies like AVMs is transforming the asset-based lending landscape. Funding 365's AVM Bridge is a testament to this evolution, demonstrating the potential of technology to enhance efficiency, reduce costs, and expand access to capital for businesses of all sizes. This product is poised to become a game-changer, significantly impacting how asset-based loans are originated and processed. By streamlining the process and making it more accessible, Funding 365 is empowering both lenders and borrowers to thrive in today's dynamic financial environment. The integration of AVM technology represents a crucial step forward in modernizing the asset-based lending industry, paving the way for faster, more efficient, and more accessible financing options.

The launch of the AVM Bridge solidifies Funding 365's position as a leader in fintech innovation within the asset-based lending sector. The company continues to explore and implement cutting-edge technologies to further enhance the lending experience and provide even more efficient and accessible financial solutions. The company anticipates significant uptake of the AVM Bridge, expecting it to substantially improve its own operational efficiency and contribute significantly to the broader growth of the asset-based lending market. The future of lending is clearly trending towards more automated, efficient, and data-driven processes, and Funding 365 is at the forefront of this exciting transformation.