Fintech in the Fix and Flip Industry
Fintech, or financial technology, is one of those up and coming terms that investors are starting to hear about, but may not fully understand yet. Similar to other industries where technology tools are streamlining workflows and increasing productivity, fintech includes everything from products like Apple Pay and Quickbooks, to investment software apps and processes. All of these are designed to increase transparency of finances for businesses and consumers and to speed up customer service and engagement.
The fix and flip loans industry has its share of fintech to help property investors like yourselves manage their business on location or at their office. Helping to lead the way is Anchor Loans, which has become the largest private lender to the fix-and-flip market by – in part – providing investors with an easy to use borrower portal for flip financing that helps make their next deal happen more quickly.
So how does it work? A new borrower simply signs up for free at anchorloans.com to create their account. The signup process takes less than a minute to complete, and once it’s done they have immediate access to a borrow portal that helps them submit a new loan application to our fix & flip lenders in less than 10 minutes. In addition, as time goes by they can use the portal to view the status of their loans or deals in progress, as well as review and manage deals already paid. It’s a fintech platform that helps fix-and-flip investors manage their business at the click of a button, streamlining the entire borrowing and funding process.
Leveraging technology and business processes to make it easier for borrowers to secure fix & flip financing is nothing new at Anchor Loans. We’ve been doing it for 19 years. Our goal in providing loans is simple: “Apply. Submit. Fund.”
To learn more about other fintech tools that are shaping the marketplace, check out this recent Forbes article.
