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We are proud to announce that another LendAPI in the subprime personal loans space is going into production.
This client is a State licensed personal loans provider residing in Texas. We’ve been working with this client on several different flavors of their loans. They are offering a traditional unsecured personal installment loan as well as a collateralized personal loan backed by the person’s vehicle.
On this particular integration, LendAPI has been working closely with our LMS partner Answers ETC. aka T3. We’ve been working with T3 continually to get multiple clients onboarded and this is one of the first clients that we are launching in Q1 2025.
This client is also working with our partner Zero Parallel for lead purchasing. We are also working with Validifi for bank account verification.
When it comes to cashflow underwriting, this client is using the combination of Chirp and Pave, two of our integrated partners on our platform. Chirp is one of the fastest growing open banking platforms where clients can log into their bank account to verify their funds as well as sharing banking transaction information to cashflow analytic companies such as Pave.
Pave and LendAPI have been working on several clients together to provide a more accurate picture of a lending client for lenders in a variety of financing products. If you are interested in learning more about these LendAPI partners, please visit our LendAPI Marketplace.
Why LendAPI?
This client picked LendAPI because they like our responsiveness to his needs and our deep understanding of the lending industry.
When it comes to integration with third party vendors that this client needs, no one surpasses the speed of our execution and delivery.
The other reason why this client picked us is because of our working relationship with a variety of lead generators as well as loan management systems. This gives our client the flexibility to pick and choose which set of partner stacks they would like to use.
In the future, this client will launch multiple portfolios and potentially leverage different partner stacks to lessen his business operations risk.
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