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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