NEW YORK–LendKey, which offers a lending-as-a-service platform, reported that it has reached $2 billion in loan originations. More than 280 lenders are currently using the company’s turnkey solution to expand digital offerings across multiple asset classes.
“Reaching this milestone is a testament to LendKey’s continued momentum and position as a trusted partner for banks and credit unions to expand their digital lending offerings and help grow revenue,” said Vince Passione, CEO and founder of LendKey. “By using digital platforms to originate and process loans, we help lenders save their customers and members money through lower interest rates by originating loans cost efficiently.”
LendKey reported it recently added TwinStar Credit Union and Alabama Credit Union to its solution.