Upstart , a leading artificial intelligence (AI) lending platform, today announced Midwest BankCentre, St. Louis’ premier community bank since 1906, has selected Upstart to expand its direct auto lending business with a digitally enabled auto refinancing service.
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With Upstart, Midwest BankCentre will be able to deliver faster credit decisions and more accurately price auto refinance applicants entirely within its own website. For borrowers who fit within Midwest BankCentre’s credit policy, Upstart’s platform will provide individualized, risk-based pricing unique to the borrower and vehicle combination.
“With our ongoing commitment to serve our community, we want to expand to auto refinancing in order to help our customers save money,” said Dale Oberkfell, President, Midwest BankCentre. “To meet changing customer expectations, Upstart’s auto lending platform will enable customers to refinance their auto loan without stepping into a branch.”
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“We are excited to welcome Midwest BankCentre to the Upstart family,” said Michael Lock, SVP of Bank Partnerships. “We look forward to partnering with the Midwest BankCentre team to accelerate its AI-enabled lending efforts.”
In addition, as an Upstart partner bank, Midwest BankCentre will also reach and serve more of its community through the Upstart Referral Network.Applicants who select these offers will transition seamlessly into the Midwest BankCentre-branded experience to complete their application and closing process.
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