Real Estate Fintech Firm Qualtik Introduces New Client and Advisor

Prior and Wilkinson worked together in previous roles as well as developed mutual respect for each other's business acumen and a lasting relationship.

Fremont, CA: Qualtik, a start-up developing software that helps investment funds and community banks analyze their commercial real estate loans in real-time, has landed Keystone Bank's business − and its founder as an advisor.

Made for community banks and commercial real estate (CRE) lenders, Qualtik's software, Spark, allows for deeper and faster analysis of CRE loans. The platform also calculates a real-time market value for CRE loans as the market changes as well as offers near-instant feedback on the degree of potential risk facing a lender.

"In this pivotal time for Qualtik, attracting such a well-known bank and industry leader sets the stage for success," stated Mark Prior, Qualtik CEO.

Keystone Bank is also one of the first clients to use Qualtik's new stress-testing tool. The Austin-based community bank has experienced faster success since launching in October 2018. Including initial capitalization, it has secured nearly $39 million − and now has more than $345 million in total assets.

Apart from Keystone's business, Qualtik has also landed the bank's Chairman and CEO Jeff Wilkinson, a 30-year industry veteran, as an advisor.

Prior and Wilkinson worked together in previous roles as well as developed mutual respect for each other's business acumen and a lasting relationship. Before founding Qualtik in 2019, Prior established an asset valuation and management services company with more than 300 banks as customers.

"Jeff is well-known in the industry as a highly strategic thought leader all the way around − and specifically for leveraging technology and data," stated Prior. "He will provide invaluable feedback and insights to ensure our software is of maximum value to our clients."

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