Scienaptic AI and Housetable Partner to Help Homeowners Maximize Home Equity
May 17, 2023
Scienaptic AI, the leading provider of AI-powered automated credit underwriting platform, has announced a new partnership with Housetable, a platform that helps homeowners unlock the value of their home equity after renovations. This exciting collaboration will facilitate better credit access for homeowners while also providing valuable insights into borrowing potential based on home improvements.
Housetable's platform uses a proprietary algorithm to analyze a homeowner's financial situation and provide personalized recommendations for how to best leverage their home equity. Housetable lets homeowners know what their home will be worth after renovations, its expected costs and timeline, as well as a curated list of improvements that are most likely to increase its value. Through this partnership, homeowners can gain a deeper understanding of their borrowing capacity and how it may vary depending on the types of improvements they choose to make. This valuable information will enable homeowners to make informed decisions about how to invest in their homes and access the credit they need to achieve their goals.
"We're excited to team up with Scienaptic AI to offer our customers the most sophisticated and personalized home equity solutions on the market," said David Benizri, Co-Founder and CEO of Housetable. "By leveraging Scienaptic AI's cutting-edge AI technology for credit decisions, we're able to provide homeowners with improved credit access and even more precise and tailored recommendations to help them achieve their financial goals."
"We're thrilled to join forces with Housetable in supporting homeowners as they unlock the full potential of their home equity after renovations," said Pankaj Jain, Co-Founder, and Partner at Scienaptic AI. "Through our AI-powered automated credit underwriting platform, homeowners can gain a comprehensive understanding of their financial situation, including their borrowing potential for home improvements and other expenses. This knowledge will enable them to make informed decisions and take advantage of the full range of financial opportunities available to them."
About Scienaptic AI
Scienaptic AI’s mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Credit unions, auto lenders, banks, and fintechs, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.
The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say “yes” more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.
Scienaptic-enabled lenders have processed more than 300 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai
Housetable, a home renovation lending platform provider for banks and credit unions, is setting out to modernize the entire process for lenders, borrowers, and general contractors. Housetable provides an end-to-end solution for offering home renovation loans based on after-renovation values (ARVs) so that lenders can qualify more borrowers quickly, outsource renovation risk management, monitor construction completion, and easily administer draws directly to contractors.
For more information, visit http://www.housetable.com