LenderClose, a U.S.-based proprietary, technology-focused lending platform, announced on Thursday that Ascentra Credit Union has offered up an undisclosed investment through LenderClose’s latest funding round.
Founded in 2015, LenderClose stated it was established with the key belief that innovative technology would empower community credit unions and banks. The company’s platform equips loan originators with the workflows needed to boost efficiencies and shorten the lending scale through “streamlined and meaningful” integrations.
“LenderClose’s forward-thinking platform and award-winning technology compile all of the information lenders need, in one, single hub. The LenderClose solution enables credit unions and community banks to streamline the lending process and shorten the lending cycle to generate a better borrower experience.”
Speaking about the investment round so far, LenderClose CEO Omar Jordan, the round began as an exclusive opportunity for the company’s initial investors but expanded in reaction to growing excitement about the technology’s ability to increase speed and efficiency for community lenders.
“We’re focused on enabling the best user experience through innovative workflows and process automation.”
Stefanie Rupert, CEO of Collins Community Credit Union, added:
“We’re seeing some revolutionary solutions produced by LenderClose, which allows our credit union to focus on member experience. This matters, as credit unions and community financial institutions are up against a new era of FinTechs, such as SoFi, Discover, Amazon and possibly Google Bank,” expanded Rupert. “The LenderClose vision aligns well with our objectives, which remain closely to providing the ultimate member experience.”