That’s a Wrap on 2022 — Pitbull Conference Recap
Last week, the final Pitbull Conference of 2022 wrapped up in Las Vegas at the Venetian. This three-day conference focuses on the private lending industry with sessions aimed at both experienced and new lenders who want to gain deeper insight into the industry and market. Conference attendees had the opportunity to mingle, golf, network with other professionals, and learn from top experts. If you couldn’t attend this year, here is a quick Pitbull Conference — 56th Private Lending Event Recap from the GoDocs team
Par for the Course
To get the conference started, the first attendee event was a golf tournament at the Bali Hai Golf Club. Golfers were paired up into teams, making it an excellent opportunity to meet some of the conference regulars and newcomers. The play was competitive, but all were rewarded with a golf afterparty before returning to the Venetian.
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The Pitbull Conference Sessions
On Tuesday, Pitbull Conference CEO Leonard Rosen kicked off the conference with a bit of a flair as a marching band started the conference on a high note. The day featured a number of market-focused panels ranging from technology to opportunity and risk.
Capital Providers Panel
First up in the morning session was the Capital Providers Panel. Moderated by Jonathan Hornik and featuring panelists from ROC Capital, Toorak Capital Partners, Red Oak Capital Holdings, PeerStreet, Flatiron Realty Capital, and Nomura Securities International, the conversation hit the hard topics of interest rates, scaling, and included a few predictions about the state of the market into 2023.
Utilizing Technology: Service Providers Panel
In the afternoon, GoDocs CEO Steve Butler was joined by other industry service providers during the last panel of the day. Taking the stage, experts from Incenter, Bridge Loan Network, Liquid Logics, Appraisal Nation, Direct Lenders’ Insurance Services, and Land Gorilla discussed leveraging service solutions.
To compete effectively, lenders must offer digital solutions that provide flexibility for loan types, financing and payment options, deal complexity, and the collateral complexity required to complete a transaction. GoDocs has been leading the digital transformation and delivering a faster, better, and easier way of closing loans for our private lending firms.
Schedule a consultation to learn more about GoDocs’ automation technology for loans of all sizes, including small-balance, mid-market, and large-cap.
See ya 2022!
Overall, the conference took a deep look at the current state of the market. With the interest rate increases, it has been an interesting year in the lending world, and we can expect to see some of these challenges trickle into next year.
A key takeaway from our team at GoDocs is that technology and digital strategy are necessary for all lenders who want their business opportunities to expand into new lending channels. Still, they need tools to lower costs and offer faster turn times (especially during busy seasons).
Borrowers are now looking more critically at lenders with questions about how they’ll provide gold-standard service while meeting their customer’s needs without breaking the bank. There’s no better position to be in than: “they’ve got what I’m looking for.”
GoDocs, the automation leader in commercial loan document generation, offers next-generation software solutions for banks, credit unions, and private lenders to create a streamlined process for closing commercial loans. We provide lenders and borrowers with access to the first and only purely cloud-based system that offers a solution that is both flexible and frictionless. Today, the company is trusted by industry-leading commercial lenders and is proud to back its solutions with onshore support for a seamless experience.