Press

ELGIN, IL (October 11, 2013) — Lending Solutions, Inc. (LSI) is reporting growth in the number of loan applications it is processing via the mobile channel on behalf of its credit union clients. The volume of mobile applications has increased 443% from 2012 to 2013. LSI’s mobile application is part of the company’s internet lending service which includes a dynamic online application with automated decision technology, as well as a team of underwriters available 24 hours a day, 7 days a week. The mobile application contains all the functionality of LSI’s standard internet application, but is optimized for smart phones including iPhonesTM and all AndroidTM phones.

“The use of mobile devices to complete financial transactions continues to increase, and loan applications are no exception,” states Lee Kolquist, chief executive officer at LSI. “Our goal at LSI is to help our clients close more loans, and our mobile solution is helping to facilitate this goal.”

Dave Brooke, executive vice president, adds, “Our internet lending service continues to be popular with our clients, as it combines the convenience of web-based lending technology with a staff of highly-trained loan officers available to process these online apps 24/7. With our proprietary WebReach service, we’re getting back to members within minutes to discuss the loan terms and cross-sell additional products when appropriate.”

About Lending Solutions, Inc.
Lending Solutions, Inc. has been a provider of lending center services and consulting programs for financial institutions across North America for 19 years. The company’s highly-trained, professional staff provides 24-hour lending and member service to over 300 of North America’s premier credit unions, banks, and mortgage companies. For further information on Lending Solutions, please visit the company’s Web site at www.lendingsolutions.com.