Lendio, the online leader* in helping business owners secure financing, announced today the immediate availability of Lendio for the Loan Specialist (LS) in Beta. Lendio LS is a Software-as-a-Service (SaaS) designed to help financial institutions, lending departments and loan specialists close more small business loans.
Lendio LS was built for the loan specialist. It provides increased visibility into deals while allowing them to manage every aspect of the loan process from one central place.
Lendio will be at the American Bankers Association (ABA) Annual Conference in New Orleans at booth number 616 to demo Lendio for the Loan Specialist on October 21 – 22, 2013.
“The small business loan process in most banks is a very manual and expensive process,” said Brock Blake, co-founder and CEO of Lendio. “We’re introducing technology specifically designed to help small business loan departments streamline and automate that process, ultimately helping more small business owners get the funding they need to grow, hire employees, and strengthen local economies.”
Lendio LS is designed to address four key pain points loan specialists deal with on a daily basis and alleviate the burdens associated with them. The four challenges loan specialists encounter include:
- Missed sales: Lendio solves this by collecting all small business lending data in one place. Real-time reminders and alerts enable loan specialists to always know next steps in the process and help small business borrowers through a logical and automated loan process.
- Manual processes: Lendio was built specifically for small business lending, with a specific focus towards real-time deal progression and the built in ability to progress/close deals without extra effort.
- Disjointed systems: Lendio provides one system for small business lending, enables all team members to be on the same process, and is built to complement the way loan specialists already work.
- Lack of true visibility: As a single data source for all the information associated with a small business loan, Lendio provides real-time visibility into the pipeline and deals—allowing users to know what’s going to close and when.
Business owners across the United States can get matched to the financing they need by creating a free Lendio profile. Lending partners on Lendio get introduced to borrowers within their footprint that meet their criteria and are looking for a loan. Within minutes, the business owner will be matched to a business loan option that will meet their needs and objectives.