Skip to content
Subscriber Only

Loans Made in Blink as Investors Vie for LendingClub Clients

Updated on

For most of its 107 years, Titan Bank has relied on loan officers to vet borrowers. These days, the Texas bank’s computers make some decisions as fast as employees blink.

Four times daily, Titan’s software pings servers at LendingClub Corp., vying alongside other investors to get a first look as hundreds of online loan applications are posted. That’s when Titan’s algorithm takes off, speeding through dozens of variables -- from FICO credit scores to income and debts -- to pick candidates it will fund.