Colenko’s investment in AI-assisted underwriting and workflow automation is delivering substantial operational efficiencies across the business, reducing processing costs, accelerating turnaround times, and improving scalability across a growing loan book.
As a result, Colenko has announced lower pricing across its lending range, with rates on residential bridging from 0.71% per calendar month, alongside further rate reductions across refurbishment and ground-up development products.
The rate reductions come alongside agreed increases in Colenko’s wholesale funding facilities with Shawbrook Bank and Renaissance Asset Finance, reflecting strong support from funding partners in response to the firm’s operational performance, scalability, and technology-led underwriting platform.
Liam McGall, Shawbrook Bank, commented:
“We’ve been impressed by Colenko’s practical and focused use of AI to solve real operational challenges within specialist lending, while continuing to maintain strong underwriting standards and credit discipline.”
The firm’s technology automates key elements of underwriting and case management, including document analysis, fraud detection, case summarisation, and risk assessment. The greatest efficiencies have been achieved within refurbishment and ground-up development, where Colenko’s AI-driven systems streamline the review of schedules of works, construction budgets, and planning documentation, enabling faster and more efficient credit decisions.
These efficiencies are now being passed directly to borrowers through more competitive pricing across all loan products.
