Birmingham, AL-based Regions Bank has adopted Blooma’s commercial real estate lending solution, a cloud-based platform that automates manual portions of the lending workflow and connects various tools and data sources to support investor and developer clients with more efficient financing options in the commercial real estate space.

Regions Bank reports that its real estate banking teams have already observed efficiency gains in the pre-screening review of multifamily, office, industrial, and retail transactions and collection of market data as the Blooma system has come online. Some components of the process workflow have been reduced from days to hours.

Specifically, the collaboration with Blooma allows Regions Bank to:

• Evaluate CRE loans against a wide range of configurable parameters
• Quickly parse offering memoranda for key deal information
• Analyze and automatically classify borrower and/or guarantor financials
• Normalize multiple market data sources through a combination of data and analytics