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NACUSO Marketplace Provider

Organization Name: Loan Street
NACUSO Membership: Standard
Year Formed: 2013
Description of Your Services: Participations Reporting - LoanStreet provides ongoing participations reporting services, typically monthly, from financial institutions that have sold loans to the financial institutions that have purchased loans. Participation Placement Services - LoanStreet provides technology and legal infrastructure to facilitate the syndication of loans. Loan Analytics – LoanStreet provides software that enables financial institutions to analyze loan performance over time
Services You Provide:
Accounting Services:Services for Credit UnionsServices for CUSOs
Investment Services:Securities Sales to MembersSecurity Sales/Advisory Services for Credit Union Portfolios
Why should a credit union use your services?: Our participations reporting solutions are more efficient and accurate than undertaking this activity in-house. Other existing vendor solution are rife with errors and/or support only the most simple of reporting situations. Our participations placement service saves time and expense versus existing alternatives, by among other reasons, consolidating due diligence information and eliminating the need to negotiate one-off bespoke legal documentation such as NDAs and transaction documents or engage external legal counsel for each trade. Our Loan Analytics packages address the capability to analyze fractional interest in loans whereas most leading analytics packages do not.
Number of Credit Union Customers: 1100
Percentage of Users/Customers that are Credit Unions: 90
Are You a CUSO?: No
Are there investment opportunities for credit unions?: Yes
Describe Your Business Model:Fee for services.
Are you currently seeking additional users/customers?: Yes
Do you offer discounts or other benefits for NACUSO Members?: No
Contact Information:Ian
Joeseph ParvinHead of CU
Additional Information:

LoanStreet is a groundbreaking technology company providing financial institutions with a range of solutions for trading, managing, and reporting loans. The platform includes robust loan-level monthly reporting, as well as applications for completing one-to-many loan transactions, commercial loan servicing, and data analytics. LoanStreet is leveraging its combination of tools to dramatically change the landscape for credit unions, small and mid-sized banks, and direct lenders. Over 1,200 financial institutions are using the platform and the network is growing rapidly. LoanStreet was founded by Ian Lampl, former Deputy Chief Counsel for TARP, following the financial crisis to meet the acute need he saw for a standardized and automated loan sharing platform.

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