The real estate credit acquisition platform is designed to help borrowers access capital efficiently, and to facilitate communication and cooperation between internal and external teams, including brokers, underwriters, lawyers, and executives throughout the entire process.

It was created and engineered by experts in technology, real estate, private equity, and credit.

Borrowers can sign up online and complete the three-stage application process — which can take from 48 hours to complete — to secure development loans from £5m-100m.

According to Hilltop, Credit Stream enables developers to access funds up to three times faster than the traditional process and control the timeline, thanks to the automated KYC/KYB/AML and document management process.

In addition, borrowers can give collaborators access to share portfolio deals, while repeat clients can get funded in under four weeks by using the platform for multiple real-time projects.

Meanwhile, the platform enables Hilltop to fully onboard borrowers, manage the underwriting process, and check up on development updates, project monitoring, and spending as it happens.

•   Differing definitions of net zero could be stalling planet-positive construction with greenwashing, claims developer
•   Hilltop completes its largest ever deal
•   Hilltop Credit Partners secures investment from Metropolitan Real Estate to deploy up to £300m to UK housebuilders

Services Credit Stream offers, include: 

• application management, forecasting and loan completion for lending origination sales teams
• evaluation of each application and ability to approve or deny applications directly for underwriting teams
• reviewing and exchanging documents for the legal teams
• accurate real-time origination, underwriting and funding data for the executive suite
• access to underwriting data and credit papers for LPs and investment committees

Paul Oberschneider, CEO at Hilltop (pictured above), said that the company acknowledged the importance of investing in fintech to streamline the underwriting process and keep up with today’s working methods, without removing the human element.

“Real estate as an asset class is still very heavy in terms of underwriting, but technology and AI are rapidly advancing to change this,” he commented. 

“We want to be at the forefront of this evolution to bring digital capabilities together with hands-on interaction and transparent communication — we believe the programme will help us achieve this.”

Justin Galvin, CTO at Hilltop, added: “We knew early on we had to go beyond a basic loan application for developers to innovate in the portfolio management space. 

“Developing the technology to provide an unrivalled service, we focused the programme’s customer experience on existing borrowers to nurture an environment for long-term partnerships and increased capital investment.”

The full interview can be watched below: