By Blooma

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Blooma Reviews & Product Details

admin

UB

Verified User in Banking

Mid-Market(51-1000 emp.)

Validated Reviewer

Review source: G2 invite

Incentivized Review

Oct 18, 2022(Original Oct 08, 2022)

"Automated Underwriting highly recommended"

What do you like best about Blooma?

Blooma’s automation platform changed the way we manage our loan origination process. We are now able to approve the right loans which has improved our profitability by a mile Review collected by and hosted on G2.com.

What do you dislike about Blooma?

I disliked that you cannot deploy the software on premise and for us that is a very important factor. Also that there was no free trial or version before purchasing. Review collected by and hosted on G2.com.

What problems is Blooma solving and how is that benefiting you?

It is solving our automation issues and making sure that we achieve a lot more in a shorter space of time due to the automation capabilities blooma offers through its software. Review collected by and hosted on G2.com.

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Blooma Overview

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What is Blooma?

Blooma is the first, fully digital CRE solution that uses Artificial Intelligence (AI) and Machine Learning (ML) to automate and streamline the underwriting process. Our web-based platform empowers CRE teams to evaluate (and close) more deals in less time than ever before. Founded in 2018, Blooma was created purposely for the CRE segment to tackle the challenges brought on by outdated tools, manual workflows, and broken point solutions. Blooma doesn’t just add to your existing stack, it makes it better. Upload deal documents, extract and connect to external data sources, and plug back into the tools you’re already using for a simple and seamless experience. Today, Blooma is trusted and used by some of the most competitive players in the CRE space to evaluate and monitor their loans. Whether you’re working solo or with a team, Blooma is here to level up your CRE workflow. To learn more visit www.blooma.ai. To see it for yourself, drop us a line at info@blooma.ai.

Blooma Details

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Blooma Community

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English

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Seller Details

Seller

Blooma

LC

Overview Provided by:

Lindsay Curry

Marketing Director at Blooma, Inc.

Recent Blooma Reviews

10/18/2022

U

Verified UserMid-Market (51-1000 emp.)

5.0 out of 5

"Automated Underwriting highly recommended"

Blooma’s automation platform changed the way we manage our loan origination process. We are now able to approve the right loans which has improved ...

Blooma Media

Create new deals, view your pipeline, review deals that are currently funded and on your books and so much more. It’s your entire portfolio at your fingertips.

All your deal details in one place. This single page view displays all the most relevant deal information, with direct hyperlinks to deep dive into more detailed analysis.

Your time is valuable. Size your deals in no time flat. Once you click into your deal, you'll find an overall score and deal highlights so you can easily assess your assets.

Blooma Demo - Property Valuations Summary

Blooma calculates a total of 6 property valuations per deal. In addition to what’s been provided by the borrower, the platform aggregates thousands of data points from 3rd party sources to provide you with the most accurate picture possible.

Blooma pulls in anywhere from 50-100 comps on both the lease and sale side, per deal. The list shown reflects your unique user preferences and is completely editable. With one click you can build out a comp set that reflects the market value of your subject property.

Blooma was created in partnership with underwriters and analysts with a design that's uniquely tailored to CRE. The platform is loaded with helpful features that deliver real value and eliminate pain points. From financials to stress testing, to fine-tuning your workflow with our bulk upload ...