Janover Inc. Launches New AI Capabilities to Further Transform Commercial Real Estate Lending
31 Julio 2023 - 8:30AM
Janover Inc. (Nasdaq: JNVR) (“Janover” or the
“Company”), a B2B fintech marketplace connecting commercial
property borrowers and lenders with a human touch, today announced
the launch of new autonomous artificial intelligence (AI) email,
which build on AI communication capabilities that were successfully
implemented within the platform earlier this year.
The AI-based agent operates via chat, voice,
text, and now email, providing users a seamless and
customer-friendly interface to facilitate complex, high-empathy
conversations regarding commercial and multi-family real estate
finance, as well as Small Business Administration (SBA)
lending. The AI interface answers most questions, provides
customer resources, and connects with backend sales tools designed
to increase closure rates. The platform also extends the Company’s
capabilities for both lender and borrower onboarding.
In addition to these latest features, the
Company leverages both AI and machine learning algorithms to
improve loan underwriting and analytics, as well as processes for
enhanced property valuations, faster originations, more robust
distribution, and superior matching outcomes. The platform
currently processes more than two billion dollars ($2,000,000,000)
in financing applications per month. As the Company scales
the marketplace and portal, with thousands of new accounts being
set up every month, it plans to leverage its AI and
machine-learning technologies to analyze and predict market trends
and valuations, as well as enhance underwriting standards and
better match borrowers with lenders.
“We are excited to announce the latest AI
additions to our proprietary fintech marketplace, which brings
greater transparency, speed, and accessibility to the multi-family
real estate, commercial real estate and SBA lending markets,
strengthening our ability to connect borrowers with the best
lenders for their needs,” commented Blake Janover, CEO of Janover.
“Our overall AI platform is one of, if not the first autonomous
commercial mortgage brokerage analyst engine that allows our agents
to go even deeper into the transaction funnel. In the future,
there may also be opportunities to license the platform to
third-party providers, as it continues to advance.”
“These latest AI tools we added are designed to
streamline borrower qualification and document collection, thereby
improving efficiency, increasing margins and providing an enhanced
customer experience. Moreover, we are better equipped to qualify
borrowers and connect them with the right expert team members,
thereby maintaining our human-centric, yet tech-forward approach to
finance.”
“With the initial launch of our chat, voice and
text features earlier this year, we witnessed an immediate
improvement in our loan closure rate. The new AI-based email
capabilities provide us a complete feature set with the ability to
manage both inbound and outbound communications through
state-of-the-art technology to make loan products more accessible
and efficient for all stakeholders. By enhancing the quality
and velocity of customer interactions, and simultaneously driving
internal productivity, we're enhancing our market leadership
position and transforming the commercial lending marketplace --
redefining what it means to blend the human touch with digital
efficiency. Ultimately, our goal is to disintermediate and digitize
incumbent loan brokers, disrupt non-competitive lenders, and break
down the closed ecosystems within the industry through economies of
scale and by leveraging data to improve outcomes," concluded Mr.
Janover.
About Janover Inc.
Janover is a B2B fintech marketplace connecting
commercial property borrowers and lenders with a human touch. The
Company seeks to revolutionize the commercial real estate lending
market by making it hyper-efficient, transparent, and accessible to
all rather than the few. Through the Company’s online
platform, it provides technology that connects commercial mortgage
borrowers looking for capital to refinance, build, or purchase
commercial property, including, but not limited to, apartment
buildings, to commercial property lenders. Borrowers include, but
are not limited to, owners, operators, and developers of commercial
real estate including multifamily properties and most recently, a
growing segment of small business owners, which Janover believes
represents a significant growth opportunity. Lenders include small
banks, credit unions, REITs, Fannie Mae® and Freddie Mac®
multifamily lenders, FHA® multifamily lenders, debt funds, CMBS
lenders, SBA lenders, and more. Additional information about the
Company is available at: https://janover.co/.
Forward-Looking Statements
This press release contains forward-looking
statements regarding the Company’s current expectations. These
forward-looking statements include, without limitation, references
to the Company’s expectations regarding the closing of the public
offering and its anticipated use of net proceeds from the offering.
These statements are not guarantees of future performance and are
subject to certain risks, uncertainties and assumptions that are
difficult to predict. Factors that could cause actual results to
differ include, but are not limited to, risks and uncertainties
related to the satisfaction of customary closing conditions related
to the public offering, or factors that result in changes to the
Company's anticipated use of proceeds. Our actual results and
financial condition may differ materially from those indicated in
the forward-looking statements. Therefore, you should not rely on
any of these forward-looking statements. Important factors that
could cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements.
These and other risks and uncertainties are described more fully in
the section captioned "Risk Factors" in the Company’s Registration
Statement on Form S-1 related to the public offering (SEC File No.
File No. 333-267907). As a result of these matters, changes in
facts, assumptions not being realized or other circumstances, the
Company's actual results may differ materially from the expected
results discussed in the forward-looking statements contained in
this press release. Forward-looking statements contained in this
announcement are made as of this date, and the Company undertakes
no duty to update such information except as required under
applicable law.
Contact:Crescendo Communications, LLCTel:
212-671-1020Email: jnvr@crescendo-ir.com
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