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LendKey, a white-label marketplace lender that partners with credit unions and community banks, has reached a deal to sell MidCap Financial up to $1 billion in student-consolidation loans.
April 15 -
Community banking groups have recently struck referral deals with marketplace lenders that could add revenue in the short run, but they might be giving away potentially valuable data and customers in the process.
March 11 -
San Francisco-based Credible announced Monday the launch of a service that will allow private student loan borrowers to price-shop online for a refinanced loan.
February 24
Western Independent Bankers, a consortium of about 130 community banks in 13 western states, has entered into a deal to use the marketplace lender LendKey to underwrite and service auto loans.
The consortium and the marketplace lender have done business since last year, but this partnership formalizes the relationship and gives Western Independent Bankers' endorsement to the platform.
Betty House, chief technology officer for Western Independent Bankers, described LendKey's white-labeled process as "end-to-end" in a press release issued Tuesday.
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