Dubai’s Global Property Finance to Launch AI-Based Real Estate Lending Platform
- Date: 06-Oct-2020
- Source: Fintech News Middle East
- Sector:Real Estate
- Country:uae-top-picks
Dubai’s Global Property Finance to Launch AI-Based Real Estate Lending Platform
Dubai-based Global Property Finance, provider of real estate financing solutions, aims to launch its cloud-based lending platform based on AI for financial institutions.
The platform will purportedly simplify the borrowing experience.
GPF looks to use AI for borrowers and lenders matchmaking, for quicker turn-around time for both parties. For borrowers, they can apply for financing through their desktop, tablet or mobile device. They can communicate in real-time, stay up-to-date on the status of their loan and receive gentle reminders when outstanding tasks need to be completed.
For lenders, GPF will aim to provide in-house underwritten deals and a low cost of origination. GPF claims that lenders will be able to close more deals on a monthly basis and increase their efficiency as it analyses the deals before presenting it to them.
"GPF wants to