The Real Deal interviewed Sharestates CEO, Allen Shayanfekr about how technology is changing real estate. Here is some of what he had to say “As our business grew, so did our need to develop automated and integrated technology,” Shayanfekr said. “We had to think about how to manage the borrowers, real estate speculators and developers we work with. How do those leads come into our system? How do we process them? How do we manage the underwriting process, the closing process and ultimately selling the loans, plus everything else that goes on?”
What Sharestates eventually built was a robust end-to-end process that covers both the investor side of the business, as well as the origination, or the borrower side of the business with “all the bells and whistles.” Shayanfekr said that during that process he discovered that what they had designed was unique to the industry – something that could eventually usurp the old fashioned process of applying for and receiving a mortgage.