Press Release Summary
Summit Technology Group (STG) and its bank clients have launched Lenders Cooperative, a standalone client-owned platform designed to provide a variety of loan solutions and shared services for banks, credit unions and fintechs that offer small business (SMB), Small Business Administration (SBA), and commercial loans to their local businesses and communities. Lenders Cooperative includes a secure, cloud-based loan origination system that fully integrates with customers’ current systems, offering the same streamlined, end-to-end workflows that were created to support the SBA’s Paycheck Protection Program during the pandemic. The platform also provides staff augmentation, credit underwriting, SBA Loan Service Provider support, bank operations and white-label call centre support. Lenders Cooperative's unique model allows customers to own the technology they use and be part of a growing community of bankers exchanging shared knowledge.