Lendio Announces Strong Market Adoption for New Business Loan Production Tool
In Q1, Over 100 Loan Officers adopt ‘Lendio Pipeline,’ a business loan production software solution that tracks loan opportunities from first contact to funding
Lendio, the online leader in helping business owners secure financing, announced today strong sales and users for its SaaS (Software-as-a-Service) solution, Lendio Pipeline.
Launched into beta in October 2013, Lendio Pipeline was designed to help business loan officers and departments improve their efficiency and effectiveness to close more business, increase visibility into the business loan production process, and build successful long-term relationships with small business borrowers.
“Lendio is proving to be a very useful tool to help our loan officers keep track of all their interactions with our small business loan customers,” said Jarod Phillips, Director of Market Development at Bank of Idaho. “We haven’t been using Lendio very long, but our loan officers like it and feel like it will help them further develop their portfolio of small business loans. It’s nice to see our lenders ditching the legal pads and leveraging the right technology to better manage their client relationships.”
Lendio worked closely with business lending departments to develop a solution that tracked loan production from contact to funding. The result, Lendio Pipeline, is a first of its kind solution that is built from the ground up to address the specific needs of business loan departments.
“Lendio is a great tool for managing workflow and optimizing the efficiency of our origination team,” said Jer Wood, Senior Vice President at California Business Bank. “But what really sets it apart is how seamlessly it integrates into our existing process and allows us to make our first contact with potential small business loan customers within moments after hitting ‘submit.’ I expect this software to help us better manage the process from lead to funding as we continue to focus on technology-driven account origination.”
“After years of working with banks, credit unions, and other business lending institutions, the demand for a tool to help them close more loans was apparent. Our focus with Lendio Pipeline is to help the loan officer close more business loans by being more efficient with each customer interaction and managing their entire pipeline of deals. In turn, it also provides the executives more visibility to the entire loan production pipeline. At the end of the day, everyone wins,” says Brock Blake, CEO and Founder of Lendio.
Lendio Pipeline helps small business loan departments streamline and automate the small business loan process. This helps more small business owners get the funding they need to start and grow their businesses.
Small and Main Street business owners across the United States can get matched to the financing they need by creating a free Lendio profile. Within minutes, the business owner will be matched to a business loan option that will meet their needs and objectives.
To see business loan options available for your small business, visit Lendio here.