Release Notes May 11, 2020 – Blooma.ai

New Features:

Deal creation
1. Improved Deal Creation and OM Parsing – Blooma has continued to improve on the automated OM/Executive Summary parser which is now accompanied by an intuitive deal creation wizard. The improvements to the AI-based parser and deal wizard result in faster uploads and more accurate parsing of the data within the files. Deals are able to be created with minimal user input, but the system still allows users the flexibility to make changes or review in the OM in full.
2. Smart Data Completion – Utilizing Blooma’s AI-engine, fields of data related to a new deal such as loan rates, fees, terms, proforma revenue & expenses, etc. are pre-populated by Blooma. The pre-population of this data by Blooma further automates and expedites the time to underwrite a new deal, determine if the deal is a good fit for your company, and quickly drive subsequent action. The Smart Data Completion feature currently reviews the most recent deal originated in the system, to model subsequent deals on. Moving forward however, Blooma is improving this feature to learn from all like-kind deals in the system and apply the most applicable data points to all new deals to automate and improve the underwriting experience.
Pipeline/ Portfolio Analysis
1. Users can view, sort, prioritize, and manage all deals within their system in the unified Blooma pipeline. Data visualizations, filtering, and map view provide users with additional flexibility when reviewing and managing their new deals and existing originated pipeline.
2. Blooma has released additional new Business Intelligence tools allowing users to gain further insight into their new and existing deal pipelines. These visualization tools allow users to quickly assess their pipeline and portfolio, and are able to review the Blooma score for each of their deals.
Asset Analysis
1. Collateral Analysis
  1. All deal collateral is now analyzed and reviewed on its own page. This page acts as a summary page for the collateral, displaying all aggregated valuations, property map and street views, property details (APN, walk score, transit score, sales info, etc.), property cash flow models, and more.
  2. New to the collateral valuation section is the ability for users to upload actual profit and loss/ cashflow statements for operating properties. Once uploaded into the system, users will be able to drive updated collateral valuations based on those financial operating statements. Please note that due to the variable nature of financial operating statements, Blooma currently only parses the following line items into the system: Total Revenue, Total Expense, and NOI (Users can launch and view the uploaded P&L in
    window to review the other line items in specific detail as well).
  3. Blooma has improved the existing proforma cash flow table to be faster and more
    efficient. With our new “quick-add” table users can quickly add or edit multiple cash flow
    line items at once.
2. Component Valuations
  1. All components valuations and analysis are now completed on their own tab. The
    component pages have been improved to display the most important and relevant data
    to users in an intuitive way. The unit mix for the component, is displayed on every tab for
    quick reference, and users are now able to upload actual rent rolls for a component as
    well.
  2. While most of the data within the component valuation tab is parsed or automatically
    completed utilizing Blooma’s AI-engine, Blooma always provides users with the flexibility
    to edit return data. The editing of a unit mix, rent roll, or comps for a component have all
    been improved to be faster and more intuitive.
3. Smarter Comps
  1. Blooma has continued to improve and refine the automated proforma
    comps returned and analyzed for each collateral property, with smarter and more direct
    comps. This is a feature that will continue to be improved over time, but users will
    experience a noticeable improvement with the current release.
4. Subject Property and Comps Street View imaging
  1. Blooma has improved the street view experience for deal collateral, and any of the
    returned comps directly within the system. Street view provides greater context and
    situational understanding for collateral and returned comps, allowing users to review the
    surrounding street, block, alley entrances, views, etc.
Borrower Analysis
1. Blooma now supports the financial review of companies/entities who are acting as a
  borrower or guarantor on a deal. Users can upload tax returns for any company/entity, and
  Blooma’s AI-engine will parse and transpose relevant financial data into a balance sheet and
  Profit & Loss statement for that company/entity. With this inclusion, users can review the
  aggregate financial support provided on a new deal by all individuals and companies/entities
  acting as borrowers or guarantors to the deal.
2. Unified contacts - Users can now review all deal contacts (borrowers, guarantors, and
  sponsors) in a unified format. Any edits or financial analysis performed on a contact
  automatically updates all other instances of that contact in the system. The unified setup
  allows users to track and review the global exposure of a contact, by highlighting all of the
  deals a contact is involved in. All contacts are reviewed against the OFAC database once
  they have been entered into the system, and Blooma alerts users in the event of adverse
  findings.
Scoring
1. Users can create a unique scoring profile for their organization. This profile will provide scoring for the collateral, borrower, and financials related to each deal. The scoring profile is applied to new deals which are being reviewed and underwritten, as well as those that have already been originated. Users can monitor how the score of a deal changes over time with the Blooma snapshot feature, and can view the current scores of all deals within the pipeline.
2. Blooma supports multiple scoring profiles allowing users to select any of the profiles they have established for scoring the collateral, borrower, and financial components of a deal.
System Responsiveness
1. Blooma has improved the stability and efficiency of the system. This has resulted in faster system load times, and improved user interactions with the addition of new system graphics to indicate to users what workflow the system is processing in the background.