How Lendio Intelligent Lending Works

Lendio Intelligent Lending acts as an extension of the lending team and addresses challenges related to high underwriting costs, insufficient risk management resources, and staffing constraints.

Prospecting for borrowers

  • Provides access a broader market within your charter by being placed on Lendio’s Marketplace– America’s leading cloud-based lending enablement platform for SMB financing which has funded 350-thousand SMB loans worth $13B through its lending partners. 
  • Leverage packaged campaigns-in-a-box for customer acquisition (emails, SMS/text messaging, banners, etc.)
  • Analyzes customer bank transaction data and cash flows to identify missed opportunities for lending
  • Applies bank’s risk rules to prequalify a borrower
  • Generates a pre-qualified loan decision, including suggested maximum loan amount

Underwriting and compliance

  • Goes beyond basic reliance of credit scores to determine likelihood of repayment. Aggregates, reviews and validates information about the borrower and business through external sources of data 
  • Conducts checks on borrower and business background, OFAC list check, bankruptcy, delinquency
  • System generates a “soft offer” (initial offer with range up to a discrete dollar amount) within 15 seconds of receiving the application.
  • Delivers an interactive borrower experience where they can configure the terms of the loan (amount size, duration and frequency)
  • Streamlines and automates processes to deliver a “hard offer”

Closing and boarding

  • Provide lenders with visibility to raw background data and also synthesized insights to help lenders review individual loans
  • Generate closing documents

Re-engagement and refinement

  • Delivers packaged campaigns-in-a-box for re-engaging customers for renewals (emails, SMS/text messaging, etc.) 
  • Data insights regarding markets and trends that may be used to update and enhance risk policies

Schedule a call or live demo.