Arrives cherry brick, an “investor-friendly” high-tech solution. The Cherry branded product – a fintech startup that supports operators in the credit market through artificial intelligence solutions – makes it possible to monitor, in a short time, the most interesting investment opportunities among the properties available for auction throughout the country. Thanks to proprietary algorithms by artificial intelligence capable of automatically and quickly reading and interpreting real estate auction documents (otherwise recoverable in working days), it is aimed in particular at investors in the Real Estate and NPL market and, thanks to its functions, also at real estate market operators.
To explain how it works, Antonello Fodde, Cherry tech lead: “Cherry Brick is able to automatically carry out searches among residential, commercial and industrial properties surveyed throughout Italy, selecting the most relevant databases and clustering the information collected according to parameters such as geolocation, type of property and estimate of the market value".
“These parameters are integrated with very important technical support data for the investor such as employment status, cadastral and building compliance, outstanding defaults: information that we are able to collect, to create the perfect match between investment desire and asset, thanks to the 'use of proprietary artificial intelligence algorithms that make it possible to automatically read and interpret real estate auction documents, otherwise recoverable "manually" in several days of work, with the risk of exposing them to human error," added Fodde.
A rapidly growing market but made up of information that is difficult to find. According to the tech lead, "an average of one thousand new real estate auctions are surveyed every day throughout Italy". This tool is so important in the real estate market, how much in that NPL, in particular for operators interested in evaluating the acquisition of loans on the basis of the assets placed as collateral. But it is also a useful solution "for operators in the real estate market, especially for auction promoters, to whom it offers essential information and data to effectively and promptly accompany customers in the process of awarding properties at auction", concluded Fodde.
