Category : Lending

S&P Upgrades PenFed Auto Loan Securitizations Due to Strong Performance
Lending News

S&P Upgrades PenFed Auto Loan Securitizations Due to Strong Performance

PR Newswire
by PR Newswire0
S&P Global Ratings upgraded ratings on three classes and affirmed ratings on three remaining classes in PenFed Auto Receivables Owner Trust 2022-A. Positive Outlooks were assigned to the class B, C and D notes. The affirmations and upgrades reflect collateral performance to date, expectations regarding future collateral performance, the transaction’s......
Finastra Showcases Strategies for Lending Growth and Compliance at Its User Connect Series
Lending News

Finastra Showcases Strategies for Lending Growth and Compliance at Its User Connect Series

PR Newswire
by PR Newswire0
Takeaways from the events highlight why an end-to-end technology stack is key to unlocking innovation for mortgage and lending teams at community banks and credit unions Finastra, a global provider of financial software applications and marketplaces, brought together leaders from community banks and credit unions across the United States to discuss innovation......
Janover Launches its First AI Chatbot SaaS Model and Offers Licensing to Select Commercial Lenders
Lending News

Janover Launches its First AI Chatbot SaaS Model and Offers Licensing to Select Commercial Lenders

GlobeNewswire
by GlobeNewswire0
Multifamily, commercial real estate, and SBA lenders can now dramatically enhance engagement on their websites and improve productivity per employee Janover, an AI-enabled platform for commercial real estate transactions, announced that its now offering its AI chatbot interface under a software-as-a-service (“SaaS”) model to a select number of commercial lenders.......
Goodfood Market Corp. Extends Credit Support From Desjardins Capital Markets and Investissement Québec.
Lending News

Goodfood Confirms Support from Key Lending Partners as it Extends and Amends Credit Facilities

GlobeNewswire
by GlobeNewswire0
Goodfood Market Corp, a leading Canadian online meal solutions company, reached an agreement for an extension of its credit facility with Desjardins Capital Markets and Investment Québec. The facility will now provide bank financing totalling approximately $5 million consisting of a $2.1 million term loan, a $1.3 million revolving credit......
Leading AI Decisioning Platform Rich Data Co Successfully Raises $17.5 Million in Series B Round
Lending News

Leading AI Decisioning Platform Rich Data Co Successfully Raises $17.5 Million in Series B Round

PR Newswire
by PR Newswire0
Rich Data Co (RDC) a leading AI decisioning platform that helps banks make high-quality lending decisions efficiently and safely – has successfully raised US$17.5m in its Series B round. The funding round was led by major Australian bank Westpac and global leader in cloud banking nCino, and supported by a reinvestment from......
Featured Fintech Fintech Primers Lending

What Are The Pros of Fintech Lenders?

Pooja Choudhary
by Pooja Choudhary0
Introduction Online “fintech” lenders, which are not banks, may look at “alternative data,” such as the regularity with which a borrower pays their rent or utility bills, to establish the borrower’s creditworthiness. There are potential benefits to expanding access to loans through the use of alternative data. Lenders can now......
United Community Is Now One of the Nation's Top SBA Lenders
Lending News

United Community Is Now One of the Nation’s Top SBA Lenders

PR Newswire
by PR Newswire0
With more than $177 million in loans for fiscal year 2023, , ranking 25 out of more than 1,500 banks nationwide. United issued 196 loans, with an average loan size of more than $900,000. “Small companies generate 1.5 million jobs a year and account for nearly 65% of new jobs in America,” said Rich......
Abbott Launches Blueprint to Help Companies Tackle This Problem
Lending News

Abbott Launches Blueprint to Help Companies Tackle This Problem

PR Newswire
by PR Newswire0
New survey by Morning Consult on behalf of Abbott shows student loans are having a profound and far-reaching impact on young adults and their planning for the future 91% say financial stress is impacting their mental, physical wellness and student loan debt is a key driver of this financial stress......
Forta Solutions Officially Launches Groundbreaking Warehouse Lending Platform Agility
Lending News

Forta Solutions Officially Launches Groundbreaking Warehouse Lending Platform Agility

PR Newswire
by PR Newswire0
In the limited warehouse tech space, warehouse lenders finally have a new, superior alternative Fintech provider Forta Solutions announced the launch of Agility, a groundbreaking warehouse lending platform that offers warehouse lenders unparalleled transparency, efficiency and a faster, more secure path to liquidity. Designed by warehouse lenders and built with modern......
Steve Thomas Launches Minority-Owned National Correspondent Lender
Lending Mortgage News

Steve Thomas Launches Minority-Owned National Correspondent Lender

PR Newswire
by PR Newswire0
Brings 30 years of experience at the nexus of residential mortgage trading, community banking, affordable housing, and diversity and inclusion initiatives.  Stephen Thomas announced the creation of FutureWave Finance, a minority-owned national correspondent lender, of which he is the President and CEO. The culmination of many years of planning, FutureWave partners with......
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