LendKey, a lending platform that offers home equity loans and other products, has originated over $2.6 billion in loans in 2018 working with lenders. LendKey's turnkey solution provides banks and credit unions with a state-of-the-art platform to offer digital loans.
"Reaching the $2.6 billion milestone is a validation of LendKey's position as a trusted partner for financial institutions to expand their digital lending offerings and grow revenue and their asset portfolios," said Vince Passione, CEO and founder of LendKey.
Also, America First Credit Union, one of the nation's largest credit unions serving over one million members, has become a lending partners, one of 18 new lenders who started using the LendKey platform last year.
"Our partnership with LendKey is a testament to our commitment to provide our members with a seamless digital borrowing experience and the loans they need," said Rich Syme, Executive Vice President of America First Credit Union. "We value this new partnership and look forward to expanding our portfolio with a recognized industry leader in digital lending solutions."
Highlights for 2018 included record loan origination volume for LendKey's lending partners include a 26% increase in revenue. An appetite for automation has led banks and credit unions to offer a digital lending experience to consumers.
