Wisor
FOUNDING YEAR: 2014
LOCATION: Israel
Last Update: 08/09/2020
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About
Wisor is The Next Best Practice in mortgage lending, changing the way mortgages are offered and managed. We enable mortgage lenders to structure and monitor personalized tailored loans that adjust to borrower's lifestyle. Wisor's white label solution, utilizes data and enables mortgage officers to proactively approach their customers with refinance opportunities in a highly efficient way, cutting costs and increasing performance. Wisor reduces borrowers cost without affecting lenders profitability.It applies principles of investment management to build a personalized mortgage loan portfolios.
MEDICI Analysis
Wisor's goal is to change the way mortgages are given and managed by offering adaptive lending technology to mortgage lenders as a white label solution.
Focus
PRODUCTS & SERVICES
A SaaS platform utilizing innovative technology for structuring and monitoring personalized, diversified mortgage loan portfolios. Wisor minimizes risk by providing the optimal solution for borrowers, and maximizes flexibility in optimizing profit for every loan. We use data to know actual rates borrowers should get according to borrower profile, risk and liquidity preferences, and more.
REVENUE MODEL
Wisor has a few potential business spheres - SaaS for local and online mortgage brokers or SaaS for traditional and alternative lenders.With both the platform can be implemented the way partner wish - front end, internal tool etc.
PRIMARY PROBLEM SOLVED
Addressing mortgage loans as investment, and move from "plain vanilla" loans to structured portfolios.
company provided insights
Traction
TRANSACTIONS VALUE:
65 M
TRANSACTIONS COMMENT:
Transactions refer to total value of loans checked.
ACTIVE USERS:
200
ACTIVE USERS COMMENT:
Unique users which entered their financial information to optimize their mortgage loans.
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Wisor
About
Wisor was founded in 2014 to change the way mortgages are given and managed. Our goal is to move from standardized “plain vanilla” loans to personalized “tailored suits”. We developed an algorithm that performs optimization for structuring a mortgage loan to under certain personalized parameters, such as income, additional debt, desired monthly payment, risk preferences and more. We use data mining and crowd-sourcing technologies to know exactly what loan types and rates are available for every type of borrower, at any given time. In addition, we use technology to constantly monitor and manage mortgages throughout the lifetime of the loans. We analyze actual payments versus planned, notify borrowers when there is a refinancing opportunity and offer adjustments to the loan until it is fully repaid.
Focus
PRODUCTS & SERVICES
A SaaS platform utilizing innovative technology for structuring and monitoring personalized, diversified mortgage loan portfolios. Wisor minimizes risk by providing the optimal solution for borrowers, and maximizes flexibility in optimizing profit for every loan. We use data to know actual rates borrowers should get according to borrower profile, risk and liquidity preferences, and more.
REVENUE MODEL
Wisor has a few potential business spheres - SaaS for local and online mortgage brokers or SaaS for traditional and alternative lenders.With both the platform can be implemented the way partner wish - front end, internal tool etc.
TOP PROBLEM SOLVED
Addressing mortgage loans as investment, and move from "plain vanilla" loans to structured portfolios.
PRODUCT DEVELOPMENT STAGE
MVP
PRODUCT DEVELOPMENT COMMENT
Product is on production and validated in a pilot market (Israel).
KEY DIFFERENTIATORS
Proprietary technology with a different mindset of how to give and manage mortgages.
PRIMARY CUSTOMER TYPE
Enterprise - Banks or Financial Institutions
Consumer
Traction
TRANSACTIONS VALUE:
65 M
TRANSACTIONS COMMENT:
Transactions refer to total value of loans checked.
ACTIVE USERS/ACCOUNTS:
200 Million
ACTIVE USERS COMMENT:
Unique users which entered their financial information to optimize their mortgage loans.
LIVE USERS/TRANSACTIONS:
Yes, in live production
How will you grow the number of users/accounts/transactions?
Working in parallel on few potential collaborations towards a pilot in 2 different markets.
CHANNEL STATUS
INITIAL CLIENTS
People
NUMBER OF EMPLOYEES
1-10
TEAM COMMENT:
It's an eco-system. We wish to integrate,cooperate with the existing mortgage originators,offer them our technology in order to provide safer , more profitable loans.
Momentum
FUNDED
YES
FUNDING COMPLETED
NO
LISTED
NO