Why did our client pick LendAPI?

Multi-tenancy

Our platform is built with multi-tenancy in mind. This tenant concept is universal and can be adopted by various lenders and banks to onboard applicants and adjudicate them separately by broker, branch, affiliates or fintech partners.

Each tenant has their own login portal, onboard their own applicants. The lender can assign the types of applications or onboarding flow that each broker can expose to their applicants. Each broker or tenant can have as many uniquely designed applications from the lenders to use. 

If the lenders allow tenants to design their own applications, they can as well through a permissioning process.

Risk and compliance control

When it comes to underwriting, risk management and credit risk management is first and foremost for lenders to consider. Risk managers and chief credit officers must have the ability to implement and modify rules with version control without having to have a massive army of engineers in two.

LendAPI lets our clients design, deploy and assign risk management rules, models and pricing models to each broker or tenant. We recognized that lenders work with a variety of different lead sources and brokers. And these lead sources and brokers are selling different types of products which requires a different underwriting and pricing criteria.

LendAPI won this deal because of our multi-tenancy, risk based pricing and tenant based pricing. This allows our clients to have maximum flexibility and control over their broker network.

Transparent application tracking

One of the biggest issues with current CRM systems used by lenders is that there’s no transparency in terms of deal status or application status especially when they are working with a large broker network.

Broker relationship managers often spent countless hours responding to emails on application status, aspects of certain uploaded items’s statuses. With LendAPI, these status are set automatically with proper tracking, logging and comments.

Administrative staff as well as brokers can login and retrieve information directly from their portal so everyone is in the know on who’s working on what aspect of a deal and when.

It’s collaborative system where brokers, applicants and lenders can interact with each other on a single deal without the constant hassles of email or calling each other for status updates.

Welcome to LendAPI

We take pride in our work and we treat all of our clients with the utmost respect and attention. If you would like to join us please write to us at info@lendapi.com or go to our website www.lendapi.com hit the Contact button.

About LendAPI

LendAPI is a venture backed fintech builder launching any financial products in minutes. Follow us on Linkedin, X, YouTube, and check out our  LendAPI Academy, LendAPI Podcast.