LendKey Technologies
LendKey Technologies partners with over 350 financial institutions to offer private student loans, student loan refinancing, and home improvement loans through its digital platform, ALIRO.
Services
LendKey Technologies offers a wide range of lending solutions for financial institutions, including private student loans, student loan refinancing, and home improvement loans. They provide tools like a student loan refinancing calculator and a payment calculator, helping borrowers understand their loan obligations. Their full-featured digital platform enables credit unions and banks to offer low-rate loans online, supported by unified application processes and dedicated customer support. The platform includes ALIRO for loan sales and participations.
Partners
LendKey Technologies partners with over 350 non-profit credit unions and banks. These partners fund the loans offered through LendKey's platform, allowing them to provide competitive loan rates to consumers. The partnership enables financial institutions to digitize their lending processes while reaching a broader audience.
Platform and Tools
LendKey Technologies provides a comprehensive digital lending platform that supports community banks and credit unions. The platform includes key tools for demand generation, rapid online decisioning, and thorough loan servicing. It offers secure, fully compliant, and auditable web-based application processes. Additionally, it includes a loan refinancing solution and tools like the Federal Student Loan Optimizer and a scholarship search tool.
Loan Facilitation
LendKey Technologies has facilitated over $6 billion in loans and serviced more than $3 billion in consumer loans. Their custom loan programs cater to the needs of specific borrower groups and include services such as remittance and detailed loan-level reporting. Their ALIRO platform helps manage loan sales and participations, optimizing balance sheet management for financial institutions.
Home Improvement Loans
LendKey Technologies targets the $600 billion home improvement market with their home improvement loans. These loans help homeowners finance their renovation projects with competitive interest rates. This loan product is part of their broader strategy to provide flexible and accessible financing options for various borrower needs.