AdvaRisk offers a real-time collateral management platform that digitizes the onboarding, legal due diligence, and monitoring of real estate assets for financial institutions. By automating these processes, the platform reduces turnaround time by 95% and operational costs by 90%, enhancing the efficiency of credit and legal teams.
Funding
$700K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SSVFounders
Product
Problem
Financial institutions face challenges in efficiently managing real estate collateral due to manual processes in onboarding, legal due diligence, and ongoing monitoring. These manual workflows lead to extended turnaround times and high operational costs, hindering the efficiency of credit and legal teams.
Solution
AdvaRisk offers a real-time collateral management platform designed to digitize and automate the entire lifecycle of real estate assets for financial institutions. The platform streamlines onboarding by instantly validating property ownership and other key parameters. It accelerates due diligence by building complete title chains and performing encumbrance checks in minutes. The system continuously monitors the collateral portfolio, providing alerts on any changes in status. By automating these processes, AdvaRisk significantly reduces turnaround time and operational costs associated with real estate collateral management.
Target Audience
The primary target audience includes banks, financial institutions, and credit/legal managers involved in mortgage-based lending and real estate collateral management.
Features
- Automated onboarding of immovable property with instant ownership check and validation
- Rapid due diligence with complete title chain creation and encumbrance checks
- Continuous monitoring of real estate collateral portfolios with status change alerts
- Integration of 600+ data sources for comprehensive property assessment
- Forensic intelligence algorithms to identify actionable insights for risk mitigation
- API integration with existing Loan Origination Systems (LOS) and Loan Management Systems (LMS)
- Property database with coverage across 15 states and 250 million unique properties and lands