This post is part of our live coverage of FinovateFall 2014.

Our next presenter is Patch of Land, demoing its Peer-to-Real-Estate (P2RE) lending marketplace.

“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 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.”