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Regrid Case Study
Enhanced decision-making and compliance
Growers Edge streamlines lending operations with Regrid Parcel Data.
Industry
Agriculture, Finance
Challenges
Sourcing standardized parcels for the U.S.
Results
Empowering loan officers for efficiency
Key Product
Nationwide Parcel Data
"Regrid's parcel data provides loan officers with the necessary information to assess the value and risk of a property, make informed lending decisions, and ensure compliance with regulatory requirements."
– Data & GIS Manager at Growers Edge
About Growers Edge
The agriculture sector has a monumental responsibility - that of sustainably feeding, clothing, and fueling the world. The Growers Edge mission is to develop innovative fintech and data solutions for the agriculture industry that enable greater sustainability, risk management, and profitability. As agriculture is so vital to the functioning of society and to the long term sustainability of the Earth as our habitat, it is critical that we execute our mission while ensuring that our values guide every step we take.
Challenge – Faulty decisioning within loan assessment
At Growers Edge, the primary challenge revolved around securing reliable nationwide parcel data. Traditional sources lacked the coverage and uniformity required to support Growers Edge and their diverse needs across different states. Without access to accurate parcel data, their loan officers faced difficulties in assessing property values, determining risks, and ensuring compliance with regulatory standards.
Solution – Restructuring workflows with Regrid Data
By partnering with Regrid, Growers Edge gained access to nationwide parcel data as an authoritative public record for their underwriting process and empowered their loan officers to make informed lending decisions. This streamlined the lending process and enhanced operational efficiency.
ROI – Enhancing operational efficiency
The adoption of Regrid's parcel data resulted in significant returns for Growers Edge. Their loan officers were equipped with the necessary tools to assess property values accurately and mitigate lending risks effectively - resulting in optimized operational efficiency and increased profitability for Growers Edge.
(888) 4RE-GRID
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