Internet Software and Services
Company Overview of LendKey Technologies, Inc.
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
New York, NY 10001
Founded in 2007
Key Executives for LendKey Technologies, Inc.
Co-Founder, Chief Executive Officer and Director
Senior Vice President and Regulatory Compliance Counsel
Senior Vice President of Customer Experience
Compensation as of Fiscal Year 2014.
LendKey Technologies, Inc. Key Developments
Western Independent Bankers Selects LendKey as Exclusive Auto Lending Partner for 130+ Community Banks
May 5 15
Western Independent Bankers announced that it endorsed LendKey, a Lending as a Service platform, as its exclusive auto-lending partner. LendKey already has an exclusive endorsed partnership with WIB for student lending. WIB will now endorse LendKey's auto lending solution to community banks across the Western states of Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming and the U.S. Territories.
LendKey Secures Up to $1 Billion in Financing
Apr 14 15
LendKey announced it has secured a financing commitment from MidCap Financial. The commitment will be used by MidCap to purchase up to $1 billion of student consolidation loans originated on the LendKey platform with potential further participation in the loans to be provided by investment funds managed by Apollo. LendKey's platform is currently used by more than 300 credit unions, community banks and other financial institutions. The financing commitment will enable LendKey and its lender clients to expand student loan refinancing programs and provide flexibility by giving clients options for liquidity and capital management. This marks the large ever institutional financing commitment to an online lending platform for student loan refinancing.
LendKey Partners with TrueCar to Launch an Integrated Auto Buying and Lending Program
Mar 9 15
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.
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