NEW YORK, Nov. 6, 2017 /PRNewswire/ -- LendKey, the leading lending-as-a-service solution for banks and credit unions, today announced a partnership with Allied Solutions to offer its digital lending solutions, including unique and innovative loan participation programs, to Allied's 4,000 plus clients.
Allied, a provider of insurance, lending and management solutions, has seen existing clients struggle to grow loans that have an attractive yield and yet still perform. LendKey's solution will provide its partners the ability to originate and buy loan participations in prime assets.
"For us, LendKey is a good solution that solves the very relevant and challenging problem of loan volume for our clients," said Dave Underdale, Chief Marketing Officer for Allied Solutions. "Many of our clients are dealing with slow loan growth and low-yielding portfolios, and need solutions that can help them effectively deploy capital and maximize returns. LendKey's single vendor platform delivers participations in multiple asset classes, which increases lending opportunities and simplifies the due diligence process for our clients."
LendKey has been successful in helping nearly 300 existing clients digitally transform areas of their lending business. LendKey offers the most unique and innovative approach to loan participations available in the market.
"Access to quality loans is a challenge facing many lenders today," said Christian Widhalm, SVP of sales and marketing for LendKey. "This partnership is the perfect fit to bring accessible loan participation programs that provide attractive yield and strong risk mitigation tactics to Allied's many well-rooted lender relationships."
LendKey pioneered the lending-as-a-service model by creating white-labeled lending solutions that transform financial institutions into profitable digital lending businesses. LendKey's customized solutions help financial institutions attract new business, grow relationships, manage liquidity, and mitigate risk. The company manages the entire lending process, which includes demand generation, online decisioning, loan origination, customer service and balance sheet management. Founded in 2009 and based in New York and Cincinnati, LendKey works with hundreds of credit unions and banks and has deployed more than $1.7 billion in capital to date. For more information, please visit business.lendkey.com.
About Allied Solutions, LLC
Allied Solutions is one of the largest providers of insurance, lending, and marketing products to financial institutions in the US. Allied Solutions uses technology based products and services customized to meet the needs of 4,000 clients along with a portfolio of innovative products and services from a wide variety of providers. Allied Solutions maintains over 15 regional offices and service centers around the country and is a subsidiary of Securian Financial Group, Inc.