Product May 5, 2019

Smart Loan Package Creation

The loan package application is dynamic. It depends on the type of property, type of the loan and a purpose of the financing. Each loan package type has a specific set of steps where you can include all information you would want your lenders to see, add photos of the property, upload loan documents, and more.

RealAtom is built by industry experts and technology gurus who have analyzed the data on the platform and interviewed lenders. Based on our studies we have developed a loan application scoring model. This model scores loan packages for completion. We have noticed that packages with a score lower than 75% do not get lender engagement, hence we recommend to you to get your application to at least 75% in order to get more attention from lenders and minimize the number or follow up questions.

After you send your loan request, you can monitor its performance with lenders in your pipeline report. These reports include important metrics such as lender views and quotes, questions, and document requests.

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