Lenders Cooperative, a leading provider of loan origination and servicing technology to US financial institutions, is pleased to announce that Primis Bank has selected its platform to power its small business lending. Primis Bank will leverage the platform to automate the entire workflow for the origination of both SBA and conventional commercial loans. The bank also signed on for Lenders Cooperative’s LSP service to augment the bank’s capacity for underwriting, processing, and closing loan applications, thereby increasing loan production.
Financial Technology Insights: BitGo Expands Go Network to Drive Crypto Adoption
“Lenders Cooperative is filling a long-standing gap in the industry today by bringing to market a truly complete solution for the entirety of the loan-life cycle,” said Primis Bank CEO Dennis Zember
With this selection, Primis Bank is reinforcing its commitment to delivering innovative, efficient lending solutions that strengthen communities and empower local businesses. By utilizing Lenders Cooperative’s modern platform and SBA expertise, the bank will streamline its origination process, maintain regulatory compliance, and accelerate access to capital for small business clients.
Financial Technology Insights: Pylon & Plaid Partner to Simplify Mortgage Verifications
“Primis Bank exemplifies what it means to be a forward-thinking institution that harnesses modern lending technology to create positive impact for its clients,” said Cary Cooper, CEO of Lenders Cooperative. “We’re proud to support the organization with both technology and trusted SBA services to help drive meaningful growth for their small business and commercial clients.”
“Lenders Cooperative is filling a long-standing gap in the industry today by bringing to market a truly complete solution for the entirety of the loan-life cycle,” said Primis Bank CEO Dennis Zember. “This partnership allows us to enable a single platform for both conventional and SBA loan products, with a built-in team of LSP experts to augment and guide our team.”
Financial Technology Insights: Neowave Academy Expands Global Web3 Education Reach
Lenders Cooperative’s end-to-end lending platform, paired with its expert-led SBA LSP Services, is designed to help lending institutions of all sizes modernize and automate their lending operations and hit the ground running by partnering with the experienced team of SBA and Conventional commercial underwriters at Lenders Cooperative to ensure compliance and augment loan production.
To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com
Source: PR nesswire
