As a result of changes in the banking system, high-quality borrowers with non-conforming credit characteristics, including many self-employed business owners, real estate investors and individuals with a one-time negative credit event, have been unable to obtain a home loan. As a real estate private equity executive,
Slavin founded Privlo to solve this problem. The company successfully launched as a peer-to-peer lending platform, matching individuals who were seeking loans with individuals who wanted to make direct loans to borrowers. In a single small city, the company quickly facilitated more than
"Privlo, which takes a consumer-friendly approach, provides liquidity to an important segment of the housing market - the largest economic driver in the U.S. - and reduces the government's exposure to the market," said Slavin. "Traditional lenders rely on government agencies for funding and can only cater to a very specific kind of borrower. Our proprietary underwriting technology and processes enable Privlo to serve a much broader set of credit-worthy borrowers in an easy, hassle-free way. I'm pleased to have
Privlo has built proprietary scoring software to more accurately evaluate each individual's unique financial picture. Unlike traditional lenders, the company delivers rapid results, closing loans in weeks instead of months. Privlo's team provides personalized service to guide each step, with clear terms and direction for a hassle-free experience.
"Privlo's approach is to solve credit dislocation and be highly consumer focused, resulting in a business model that yields a truly differentiated product and offers a remarkable customer experience," said
"In addition to focusing on the unique needs of high credit quality customers that don't fit within the standard mortgage box, Privlo gives private capital a direct line to high quality mortgages," said
Keywords for this news article include: Privlo, Real Estate, Finance and Investment, Investment and Finance.
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