The startup operates an automated intelligence platform that matches buyers with loans tailored to their credit profiles while enabling sellers to price and underwrite diverse loan products. By streamlining the lending process from real estate transactions to securitization, the platform enhances access to credit and liquidity through technology-driven simplification.
Funding
$500K 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.
Founders
Product
Problem
The lending process for niche loan products often involves manual matching, pricing, and underwriting, leading to inefficiencies and limited access to credit for both buyers and sellers. Banks and mortgage brokers struggle to efficiently identify and fund loans that meet specific criteria, such as those in underserved communities or with non-traditional borrower profiles.
Solution
E11tec provides an automated intelligence platform that streamlines the niche loan market by connecting buyers and sellers with precisely matched, priced, and underwritten loans. The platform, called ADaM (Automated Decision Machine), leverages a network of originators and proactively detects, aggregates, and delivers loans that meet specific criteria, such as Community Reinvestment Act (CRA) eligibility or non-qualified mortgages (Non-QM). By automating underwriting and providing instant eligibility assessments with full conditions, E11tec enables faster closings and improved conversion rates for difficult borrower profiles. The system also facilitates premium pricing for loans in underserved communities and offers a built-in broker compensation feature for easy pricing.
Target Audience
E11tec's primary customers include mortgage banks seeking to improve loan execution in underserved communities, banks looking to meet CRA requirements, and mortgage brokers aiming to find and fund non-agency loans with full conditions.
Features
- Automated loan matching based on specific criteria, including borrower profile, property type, and geographic location
- Automated underwriting engine for fast and accurate decisions on Non-QM loans
- Instant eligibility assessments with full conditions, enabling faster closings
- Integration with a network of originators to source CRA-eligible loans
- Automated detection of loans eligible for premium pricing in underserved communities
- Pre-qualified loan tapes delivered directly to banks, with email alerts and an easy buying process
- Ability to upload FNMA 1003 files for automated underwriting and eligibility checks
- Support for various Non-QM loan types, including self-employed, bank statement, DSCR, credit-impaired, balance sheet, high LTV/DTI, jumbo, and hard money loans