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We are pleased to announce the official launch of our client, a newly formed tribal lending entity based in South Dakota, located on the Sioux reservation.
In collaboration with other leads, data and technology providers such as Zero Parallel, Totality LMS, Decision Logic, AtData, MaxMind and Experian's Clarity Services, we got this newly formed business from the South Dakota Sioux in record time. The collaborative effort is what made this project successful. We want to thank everyone involved and look forward to doing more with our partners.
The client has now underwritten thousands of leads with our leads management API as well as our decisioning platform to quickly direct applicants into the right application funnel and bifurcate them into various risk based application flows.
So far, this new entity has minted several loans with some of the lowest industry cost per funded loan numbers haven’t been seen in many years. We will continue to work with our clients to calibrate new rules and new models going forward.
Why LendAPI?
The three pillars at LendAPI working together is the key to launch clients quickly with the lowest cost possible.
The first is our Product Studio. You can use it to quickly design and launch a new product. Whether it’s creating a brand new application flow or a welcome landing page after a lead is purchased.
Each application page thereafter built by our Product Builder can further be adjudicated with rules built with our Rules Studio which can be inserted behind any pages or buttons.
These KYC, Credit Underwriting rules can be quickly built with our rules studio. Anyone with any technical level can do this.
Lastly, we have a vast network of third party data providers, lead generators and LMS for you to choose from. Just enter your credentials and these integrations are automatically available for you to use.
There’s no code, no maintenance needed to launch a new product and LendAPI has reduced the total cost or ownership of a full blown LOS to 1/100th of the cost of piecing together all of this yourself.
Once again, congratulations to our client, from all of us at LendAPI
About LendAPI
LendAPI launches your financial products instantly. Follow us on Linkedin, X, YouTube, and check out our Decision Engine, Product Studio, Embedded Financing Product, Marketplace, Academy, Podcast, Capital and our Weekly Newsletter.