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Berkadia Reduces Processing Time from 48 hours to 30 minutes with redIQ
Berkadia’s multifamily investment sales team evaluates 100-120 deals per year. As a senior analyst, Paul Rogers spends much of his time processing and analyzing the raw data that they receive in rent rolls and operating statements – documents in all different formats and file types. Processing the financials for a single deal could take up to 48 hours, and only then could the real analysis begin. That was before redIQ.
Since joining the other 5,000+ (and growing) users on the redIQ platform Berkadia’s productivity has increased exponentially. Instead of taking 48 hours just to process financials, they now take a deal from processing to full underwriting in as little as 30 minutes. redIQ also provides them with a rich set of insights that equips them to better advise their clients and gives them a competitive edge in pursuing new business.