NEW YORK–LendKey and Allied Solutions have announced a partnership through which Allied Solutions will 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, said it 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, the company said.
“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.”
Allied Solutions noted 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, the company added.
“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.”