Cross River Bank's Success with LendingWise
Cross River Bank, a leading financial services organization, sought to launch a comprehensive Commercial Real Estate (CRE) lending platform. After an unsuccessful attempt with a previous LOS provider, they turned to LendingWise, which delivered a fully customized solution within eight months, surpassing their expectations and restoring their faith in LOS providers.
Overcoming Complex CRE Lending Challenges
Cross River Bank faced several challenges that required a tailored solution to support their unique CRE lending needs, including specialized workflows and advanced calculations.
1
Customized Fields for CRE Lending
LendingWise developed tailored data fields for CRE lending, allowing Cross River Bank to capture essential information specific to commercial real estate transactions.
2
Specialized Financial Calculations
The platform was configured to handle complex calculations tied to various financial indexes, supporting precise analysis and decision-making.
3
CRE Property Cash Flow Analysis
Custom fields enabled detailed cash flow analysis, vital for assessing the financial viability of each deal.
Seamless Integration and Ongoing Support
LendingWise implemented granular user permissions, custom document generation, and seamless integration with Cross River’s existing banking products. The collaboration continues with regular updates and support to ensure the platform evolves with their needs.
$400B+
Residential Investor Loan Volume Annually in 2023
$21B+
Funded loans through our platform
>14 Days
Average days to close a loan & get paid
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Achieving Results with a
Fully Customized Platform
LendingWise successfully delivered a cutting-edge CRE lending platform that supports Cross River Bank’s operations efficiently. The bank now operates with a solution that meets their specialized requirements and reinforces their commitment to innovation in the financial services industry.
What Do LendingWise Customers Think?
After trying several commercial lending & hard money lending systems, we have finally found the perfect CRM & LOS software platform to scale our growing business. They have numerous robust features, it’s very customizable, and they are always willing to work with our unique requirements. It’s been amazing!
Whit McCarthy
CEO | Consistent Capital
LendingWise has been an invaluable CRM & LOS software platform to help us manage our borrowers, broker network and ever growing private money deal flow. They make our intake, processing, underwriting & loan closing process extremely efficient, which helps us continually grow and scale our hard money lending business!
Jeff Fechter
CEO | HouseMax Funding
After trying several commercial lending & hard money lending systems, we have finally found the perfect CRM & LOS software platform to scale our growing business. They have numerous robust features, it’s very customizable, and they are always willing to work with our unique requirements. It’s been amazing!
Matt Flores
EVP | CV3 Financial
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