Finovate Demo Video Archives

Presenter Profile:

How they describe themselves: Patch of Land is a Peer-to-Real-Estate (P2RE) lending marketplace that matches accredited and institutional investors seeking high-yield, short-term, asset-collateralized investments to borrowers seeking more timely and consistent sources of funding for rehabbing properties across America. Patch of Land’s goal is to solve the problem of inefficient, fragmented, and opaque real estate private lending by using technology and data-driven processes to create transparency and to efficiently underwrite projects for borrowers with real estate projects that are routinely bypassed by traditional lenders.

How they describe their product/innovation: We are developing a real-time system that pulls data from multiple sources including major credit reporting agencies. This disparate collection of data will be scientifically conglomerated into proprietary information models and risk analysis summaries. The information along with trained process will allow us to preapprove a wide variety of loan requests and extend automatic terms to existing borrowers for new projects. This information will be used by our underwriters along with a proprietary scoring system for increased efficiency in decision making on lending. Electronic documents can immediately be made available to the borrower for signing and funds wired automatically.

Product distribution strategy: Direct to Consumer (B2C)

Contacts:

Bus. Dev. & Press: AdaPia D’Errico, CMO, adapia@patchofland.com, 310-647-7875
Sales: Jason Fritton, COO & Co-Founder, jason@patchofland.com, 949-873-3723