MILWAUKEE, Wis. –– QuantyPhi, Corporate Central Credit Union’s Balance Sheet Optimization CUSO, said it has partnered with LoanStreet Inc., which provides a fully integrated platform that streamlines the process of sharing, managing, and originating loans.
“We are proud to join with LoanStreet, along with most of our peer corporate credit unions. Bringing a full suite of innovative liquidity and asset solutions to our members is central to our success,” said Kevin Chiappetta, president of QuantyPhi and senior vice president-investment services for Corporate Central. “By adding LoanStreet to our suite of liquidity and asset solutions for our members, we can now serve our members regardless of their needs -- whether they need additional liquidity or new loan assets -- we can perfectly meet those needs.”
According to the company, LoanStreet was founded in 2013 with the mission to create a more efficient, transparent, and robust way of administrating loans and connecting the lending market. LoanStreet’s nationwide network of hundreds of financial institutions gives lenders the ability to profit and grow by combining technology and dedicated expertise to effectively manage the constraints otherwise caused by geography, size, or concentration limits, Corporate Central said.
“Effective liquidity solutions are critically important in today’s highly competitive marketplace,” said Ian Lampl, CEO of LoanStreet. “Adding QuantyPhi’s and Corporate Central’s membership to LoanStreet’s nationwide network of credit unions will further empower LoanStreet as the largest online marketplace for loan participations, cementing LoanStreet as the premier loan participation solution for all credit unions.”
QuantyPhi and LoanStreet said they will host a webinar on Wednesday, March 20 at 2:00 p.m. CT. The webinar will introduce the platform detailing the significant benefits members can experience through this unique partnership. For info: quantyphi.com.