Snap Finance selects LoanPro Lending Core for its loan servicing needs

“Snap Finance is experiencing unprecedented growth as more consumers seek innovative solutions to help them buy the things they want and need for their families,” said Snap Finance Chief Marketing Officer. Colin McCracken. “We are partnering with LoanPro to meet our technical loan servicing needs as we adapt our payment-based financing model over time to better meet the needs of our retail partners and their customers.”

Snap’s machine learning-based decision engine takes a more holistic view of a retail customer’s credit history and provides flexible financing options for consumers building or rebuilding their credit scores. Snap’s platform gives retailers more ways to close sales with their customers, helping them build loyalty and increase the number of repeat buyers.

Lloyd RobertChief Revenue Officer and Co-Founder of LoanPro, said, “LoanPro is thrilled to partner with Snap Finance to help them meet their technical lending services needs. This partnership helps Snap improve automation and visibility while reducing human error and overhead to better serve their needs. Helping lenders and lessors achieve this goal is LoanPro’s top priority. We are honored and grateful to have the opportunity to work with and serve Snap Finance.

LoanPro seeks to simplify the complex by providing insight and clarity into the world of lending. LoanPro’s Lending Core offers its users the ability to lock down their favorite attachments while providing its users with a single source of truth. LoanPro’s highly customizable loan management software is built on its own RESTful API and preferred by over 800 lenders across United States and Canada.

About Snap Finance

Since 2012, Snap has been on a mission to provide flexible, tiered financing options to all consumers. Snap’s world-class team of enthusiastic and friendly problem solvers harnessed the power of data to empower customers of all credit types and help retailers close more sales. Its proprietary technology combines machine learning, non-traditional risk variables and years of data to create a state-of-the-art decision-making platform. Snap enables retailers to offer modern payment options to consumers who continue to build or rebuild their credit profile. Snap’s payment solutions are accepted at over 300,000 merchants. For more information, visit snapfinance.com.

About LoanPro

LoanPro is a basic SaaS-based loan servicing software that empowers lenders on the cutting edge of technology through automation and data visibility. LoanPro offers a complete, API-based lending solution for the middle market and businesses in the US/Canadian market. LoanPro is hosted on Amazon Web Services (AWS) “the cloud” and is designed to streamline loan management and loan collection workflows. Lenders benefit from increased transparency, control, flexibility, real-time database access, computational accuracy and scalability, all on one platform. certified form PCI, SOC I and SOC II. For more information about LoanPro, visit LoanPro.io or call (800) 559-4776.

Contact:
Lloyd RobertCRO
(800) 559-4776 ext: 707
[email protected]

SOURCE LoanPro

Dorothy H. Lewis