LSI Processes Two-Millionth App

Lending Solutions, Inc. said it has now processed its two-millionth loan application through its National Loan Processing Center. The application was generated from USC CU, Los Angeles. It took the company, founded by Rex Johnson, nearly seven years to process its first one-million applications, hitting that mark in 2001. In just half that time it processed its second one-million apps. LSI, which processes loans for 300 CUs, said growth has led it to expand its facilities four times in the past nine years.