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Powered by Lending.com, B2R Finance Launches First-of-Its-Kind Portal for Investors and Expands Suite of Real Estate Finance Products with Foundation LoanB2R Finance, a leading lender for single-family rental property investors, today unveiled the fully-automated Dwell Finance Investor Office. Powered by Lending.com's proprietary technology platform, the portal is designed to maintain the integrity of B2R's underwriting criteria while automating and streamlining the application and document collection process. The portal also creates a better borrower-focused experience by providing tools and resources that can help investors get more out of their rental portfolios. "The Dwell Finance Investor Office is the first-of-its kind in the industry and illustrates the power of Lending.com's technology. We've learned it's not just about making loans, but providing borrowers with a suite of tools and educational resources that can help them take full advantage of their rental investments from anywhere and any screen," said Jason Hogg, CEO of B2R Finance. "As evidence that borrowers are craving this type of solution, we received applications on 119 Foundation Loans over Halloween weekend before we'd even begun actively marketing these tools." Key features of the Dwell Finance Investor Office include:
The Dwell Finance Investor Office allows investors to create a one-time investor profile that can be accessed from any device and is designed to keep loan documents secure and organized. Borrowers can leverage a host of resources including a suite of videos focused on rental investing topics like the value of owning rental property, preparing for rental investing and why asset-based lending makes sense for investors and educational articles on the Dwell Finance blog. The Dwell Finance Investor Office is enabled by Lending.com's modular architecture, which allows partners to choose from a menu of proprietary options including Lending.com's rigination Engine, Waterfall DecisioningTM and Underwriting, Servicing and Processing, Balance Sheet Management and Capital Markets Access. "We're continuously gathering insight on the behavior of rental investors and have identified the primary hurdles preventing borrowers from submitting an application," continued Hogg. "Many investors want to 'kick the tires' on the loan process, meaning they want to know first that they can qualify for financing and second that when they do decide to apply, the application will be streamlined and easy to understand and submit. We also see an increasing number of borrowers applying from a mobile device or tablet, so we want to ensure that our products are accessible everywhere." Serving the Needs of the Rental Investor The Dwell Finance Investor Office also serves as the access point for B2R's just launched Foundation Loan product. Available through B2R division Dwell Finance, the Foundation Loan is a single-property loan designed for investors seeking to acquire or refinance one property. The Foundation Loan has been in private beta since late summer and is now broadly available to rental investors. The Foundation Loan is the latest addition to the B2R Finance product suite, which is designed to support rental investors throughout their business lifecycle. Additional products available from B2R Finance include:
"Investors continue to face persistent market volatility and abysmal ROI on fixed-income products and they are searching for an asset class that can offer both a sense of control and attractive returns," said Nick Gould, chairman, B2R Finance. "Single-family rentals can offer a host of economic benefits including tax advantages, asset appreciation and perhaps most important, the opportunity to leverage debt through a hard asset to create income. The Foundation Loan enables investors to tap into the benefits of the asset class and expand their rental portfolios one property at a time." About B2R Finance L.P. With offices nationwide, B2R Finance is a financial technology company founded to address the unique needs and financial goals of single-family rental property investors. In early 2015, B2R Finance acquired assets from Dwell Finance, a national bridge-lending provider underpinned by a cloud-based financial technology platform. Together, they provide residential buy-to-rent mortgages and offer tailored lending solutions designed for investors at all stages of portfolio growth. Founded in July 2013 by Chairman Nick Gould and funds managed by Blackstone Tactical Opportunities, B2R operates in partnership with the nation's leading commercial and residential real estate professionals. B2R Finance is powered by Lending.com. For more information, visit www.b2rfinance.com, www.dwellfinance.com, or find us on Facebook, LinkedIn (News - Alert) and Twitter.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151130005265/en/ |
