About American Heritage Lending
Established in 2004, American Heritage Lending has emerged as the premier choice for Real Estate Investors. With over 15 years in the industry, they have solidified their position as the #1 lender, known for providing swift and reliable loan services tailored to the ever-evolving real estate market. Their core expertise lies in the hard-money sector, encompassing bridge, fix and flip, and long-term rental property loans. Their strategic alliance with one of America's largest hedge funds bestows upon them the agility to expedite loan processes. With a deep-rooted understanding of diverse facets of real estate lending and a relentless commitment to customer satisfaction, their guiding principle is clear: they are only as excellent as their last loan. For those seeking a seasoned, dependable, and proficient lender for investment properties, American Heritage Lending stands out as the unparalleled choice.
Bank statement loans
150+ employees
Irvine, California
Their Challenge
Prior to Prudent AI, American Heritage Lending used a different document automation product to process borrower bank statements. The primary issue they faced was speed. Processing bank statements took several hours, and documents containing unreadable information extended this time even further. Additionally, the support offered by their technology partner was subpar, creating more obstacles in an already slow process.
The Impact
The integration of Prudent AI led to significant improvements in American Heritage's operations. Their pre-approval times were 15 minutes, compared to several hours, allowing them to serve more customers in less time. As a result, loan volumes surged by 300%, contributing to an increase in revenue. In addition, the efficiency of Prudent AI allowed ClearEdge to save tens of thousands of dollars each month in operating costs, making their operations not just faster, but also more cost-effective.
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