Feature Requests

Summary:
Implement a tool within LendingWise to verify the track record of real estate investors by cross-referencing property ownership, transaction history, and default or foreclosure status. This feature would leverage multiple APIs to provide detailed insights into a borrower's investment experience and associated entities.

Description:
This tool would streamline the underwriting process by enabling users to quickly verify a borrower’s claims about their real estate investment history. By integrating APIs for property records, entity ownership, and financial status, the feature would offer a comprehensive view of the borrower’s track record.

Key functionalities include:

Property Ownership Lookup:

Search properties owned by the borrower, whether under their name or a legal entity, across relevant jurisdictions.
Include transaction details such as purchase dates, sale prices, and financing records.
Legal Entity Insights:

Perform detailed lookups for legal entities (LLCs, partnerships, trusts) to identify members, stakeholders, or connected individuals.
Trace ownership back to the borrower for properties held under entities.
Track Record Verification:

Validate claims about the number and type of properties purchased for fix & flip or buy and hold strategies.
Include property status, e.g., flipped properties sold, buy-and-hold properties currently owned, etc.
Default and Foreclosure Detection:

Flag properties associated with the borrower or their entities that are in default, foreclosure, or subject to liens.
Summary Reports:

Generate an easy-to-read summary report showing the borrower’s verified track record, flagged properties, and key insights about their experience level.
API Integrations:

Integrate with property record databases, title search providers, and credit or lien reporting services to gather and verify data.
Why This Is Valuable:

Faster Underwriting: Allows underwriters to quickly and confidently assess borrower experience, reducing time to approval.
Risk Mitigation: Identifies potential red flags like foreclosure history or over-leveraged properties.
Enhanced Credibility: Improves borrower transparency, building trust in the lending process.
Competitive Advantage: Provides LendingWise users with a unique, data-driven underwriting capability, improving efficiency and decision-making.