January 5, 2022

Lendsmart Announces Partnership with RoundPoint Mortgage, a Freedom Mortgage Company, to Enhance its Digital Lending Capabilities

A Freedom Mortgage Company Finds One Solution To Automate and Digitize its Lending Operations NEW YORK, Nov 8, 2021— Lendsmart, an AI-driven digital lending platform, today announced its partnership with RoundPoint Mortgage Servicing Corporation, one of the nation’s largest fully integrated mortgage lending and servicing companies and a member of the Freedom Mortgage Corporation family…

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January 5, 2022

Allies for Community Business Partners with Lendsmart to Investigate How to Further Increase Its Lending for Underserved Entrepreneurs

The non-profit lender is evaluating integrating with Lendsmart’s Loan Management System, which would expedite small business loans for traditionally underserved businesses. NEW YORK, Dec 22, 2021— Lendsmart, an AI-driven digital lending platform, today announced its potential partnership with Allies for Community Business (A4CB), a Chicago, IL based non-profit that provides the capital, coaching, and collaboration…

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January 5, 2022

Legence Bank Selects Lendsmart to Streamline its Digital Lending Operations

Community bank partners with Lendsmart to expedite lending operations and enhance the customer experience. NEW YORK, Dec 22, 2021— Legence Bank, a progressive IL-based community bank, has chosen Lendsmart, an AI-driven digital lending platform to streamline its digital lending operations and better serve its customers. For personal loans, Legence Bank offers customized financing, secured and…

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December 21, 2021

The Gig Economy Presents New Opportunities for Lenders

Banks, credit unions, and other financial institutions used to cringe when they heard the terms “freelancer” or “independent contractor.” After all, those people without steady paychecks could present a huge risk. But that perception is changing. The reality is that full-time freelancers now generate an average income of $68K annually, which is higher than the median U.S.…

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December 2, 2021

Breakout Capital Integrates with Lendsmart’s Loan Management System to Expedite Small Business Loan Approvals

Fintech lender partners with Lendsmart to streamline small business lending and enhance the customer experience. NEW YORK, Nov 16, 2021— Lendsmart, an AI-driven digital lending platform, today announced its partnership with Breakout Capital, a leading small business lender that provides simple, straightforward working capital solutions to small businesses.  Breakout Capital has integrated with Lendsmart’s Loan…

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December 2, 2021

Stratton Equities Chooses Lendsmart to Expedite its Underwriting Process

NEW YORK, Dec 2, 2021— Lendsmart, an AI-driven digital lending platform, today announced its partnership with Stratton Equities, the leading Nationwide Direct Hard Money and NON-QM Lender that specializes in fast and flexible lending processes for borrowers with real estate investment properties. Stratton Equities is integrating with Lendsmart’s AI-powered underwriting platform to underwrite loans upfront…

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November 30, 2021

4 Common Lending Pitfalls and How to Avoid Them

Every lender has been there.  You either approved a “bad” loan or failed to give a loan to a customer who turned out to be a great prospect for future business. Although the number of nonperforming loans is relatively low these days at 1.6%, lending pitfalls are not just related to non-payment or late payments.…

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October 28, 2021

Why 2021 is a Key Indicator of Your Lending Organization’s Health

2021 has been a year like no other in terms of the housing market and consumer behavior. Fueled by low mortgage interest rates, PPP loans, the rise of tech-powered real estate buying/lending, and the work-from-anywhere trend, consumers are making significant decisions about where to move, who to borrow from, and what to do with new…

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October 5, 2021

Sutton Bank Selects Lendsmart to Streamline its Digital Lending Operations

NEW YORK, Oct 5, 2021— Sutton Bank, a progressive Ohio based independent, community bank, has chosen Lendsmart, an AI-driven digital lending platform to streamline its digital lending operations and better serve its customers.  Working with Lendsmart will enable Sutton Bank to offer a significantly better experience to its customers and homebuyers by bringing all parties…

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September 21, 2021

How Small Lenders Can Compete With the Big Institutions

Smaller lenders have a huge advantage over larger financial institutions. Although they may not have as much to spend on marketing, they benefit from a level of personalization and client intimacy and care that a larger financial services company may not be able to deliver. A recent article in FICO by Matt Stanley asserted that:…

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