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March 27, 2015 9:45 AM ET

Internet Software and Services

Company Overview of LendKey Technologies, Inc.

Company Overview

LendKey Technologies, Inc., a cloud-based lending technology company, provides essential infrastructure for credit unions, banks, and other parties to set up their lending operations in the United States. It offers LendRules, a credit decisioning platform that enables lenders to make real-time and compliant decisions based on their own credit scorecards across multiple asset classes; and LendOriginate, an origination platform that assists lenders in growing their portfolios through a compliant and warranted process that features an electronic loan jacket, electronic signature services, and funds disbursement. The company also provides LendShare, a participation platform that allows lending e...

104 West 27th Street

4th Floor

New York, NY 10001

United States

Founded in 2007

Phone:

646-626-7396

Fax:

866-262-3969

Key Executives for LendKey Technologies, Inc.

Co-Founder, Chief Executive Officer and Director
Age: 52
Senior Vice President and Regulatory Compliance Counsel
Chief Strategy Officer
Age: 53
Senior Vice President of Customer Experience
Director of Technology
Compensation as of Fiscal Year 2014.

LendKey Technologies, Inc. Key Developments

LendKey Partners with TrueCar to Launch an Integrated Auto Buying and Lending Program

LendKey announced that it has partnered with TrueCar to launch an integrated auto buying and lending program. This partnership will give consumers insight into pricing data and access to guaranteed savings as well as the ability to secure pre-approved financing automatically before visiting a dealership. Demand for online auto loans is strong. New auto loans reached $371 billion last year. Of consumers who purchased new cars, 85% were bought with loans. Additionally, 75% of consumers begin their car purchase online. The platform allows consumers to get a guaranteed savings certificate off of manufacturer's suggested retail pricing (MSRP) from TrueCar Certified Dealers and immediately get a pre-approved financing certificate from a local lender using LendKey's online lending platform in minutes online versus hours in person at the dealership.

LendKey Opens a New Office in the Cincinnati Area

LendKey opened a new office in the Cincinnati area. LendKey signed a five-year lease for 8,500 square feet of space at 4445 Lake Forest Drive in Blue Ash. A temporary Ohio office for LendKey opened in January 2013 to expand the company's back-office operations that include financial operations, corporate accounting, loan servicing and software development. Some of LendKey's clients include McGraw-Hill Federal Credit Union and Mayo Employees Federal Credit Union.

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