“With 90% of our portfolio in CRE loans, Newgen was able to deliver a robust platform for handling complex underwriting models, documentation, workflow, and closing, thereby reducing our TAT by over 45%. With this customized solution, we can make data-driven underwriting decisions, improving our loan decisions by 35% and minimizing losses.”
AVP of Real Estate Lending, Global Bank
Explore Newgen’s Other Commercial Banking Solutions
Customers
Prebuilt Connectors & APIs
Unique Features of CRE Lending Solution
Leverage AI for end-to-end automation covering prospecting, application submission, underwriting, approval, loan closing, and booking
True digital portal for borrowers, appraisers, and attorneys to coordinate with financial institutions
CRE spreading templates with best practices for financial analysis, risk assessment for multiple property types
Stress testing and sensitivity analysis of the CRE loans on interest, vacancy, and cap rates
Automated data extraction from tax returns and financial statements to automate the spreading process
Parallel processing and approval capability for multiple tasks during the loan origination cycle
Integrated loan closing by connecting with the industry-standard document prep engines
AI-led portfolio monitoring and early warning system
Extending automation to ongoing review/renewals and covenant monitoring
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