Real estate investment firm Archer has expanded its range of tools to help investor clients. The latest announcement is called AIM Automated Underwriting. The data-driven system uses machine learning technology to reduce the time needed for a first underwriting of a multifamily property to less than 15 minutes, according to the company's claims.

"What we're doing at Archer is help our clients find off-market deals," Fred Canney, CFO and COO, tells GlobeSt.com. "We built the data platform to handle any commercial property, but we're first focused on multifamily. We're used machine learning and put in deep-learning models to find the off-market opportunities. What we're hearing from clients is that their teams are stretched. We see repeatedly that it takes time for our clients to underwrite things and evaluate opportunities."

One of the biggest time wastes in commercial underwriting, according to Archer and other companies developing similar offerings, is data entry.