has announced a new integration with Liquid Logics
, a loan origination software (LOS) platform. Through the integration, approved lenders can submit loan information and documents directly to PeerStreet for evaluation—and potential sale—with a single click, streamlining the loan submission process, reducing the risk of human error and enabling lenders to focus on making more loans and maintaining client relationships.
“By creating this seamless integration, the loan submission process is easier. And when that process is easier, there are more opportunities for lenders to sell their loans to a diverse pool of investors,” said Brew Johnson, Co-Founder and CEO of PeerStreet. “That stands to benefit our entire marketplace: more loans from our lender network means more opportunities for PeerStreet investors to better diversify their investment portfolios. That demand for diversification then increases the overall demand for investments in loans, which further fuels lenders who in turn work with more high-quality borrowers. It is a virtuous cycle that benefits all participants.”
Sam Kaddah, Founder and CEO of Liquid Logics, said, “We’re very excited about this partnership, as it solidifies next-generation technologies in the FinTech space by merging loan origination directly into PeerStreet’s investor marketplace. With this partnership, Liquid Logics helps lenders achieve faster and more efficient lending cycles by connecting them to additional sources of capital from PeerStreet—allowing them to do more business and to do it better.”