Corporate Central’s QuantyPhi partners with LoanStreet Inc. to offer loan participation platform to members
MUSKEGO, WI (March 6, 2019) — QuantyPhi, Corporate Central Credit Union’s Balance Sheet Optimization CUSO, announced today that it has partnered with LoanStreet Inc., the first 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.”
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.
“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 will host a webinar on Wednesday, March 20 @ 2:00 p.m. CT. The webinar will introduce the platform detailing the significant benefits members can experience through this unique partnership. Registration is available QuantyPhi’s website at quantyphi.com.
About QuantyPhi, LLC
QuantyPhi, LLC is a wholly owned credit union service organization. The CUSO specializes in credit union balance sheet optimization. QuantyPhi’s mission is to build better credit unions by building balance sheets with muscle, flexibility, and resilience. Please visit QuantyPhi.com to learn more and follow us on LinkedIn.
About LoanStreet Inc.
LoanStreet is the first fully-integrated, online platform that streamlines the process of sharing, managing, and originating loans for credit unions, banks, and direct lenders. 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. Hundreds of financial institutions now use LoanStreet’s software solution to successfully do business with each other and maximize the potential of their respective organizations. LoanStreet was co-founded by Ian Lampl, former Deputy Chief Counsel for TARP, following the financial crisis to meet the acute need he saw for a standardized and automated loan sharing platform. For more information or to join the LoanStreet network, please visit www.loan-street.com or email: info@loan-street.com.
