Whether you’re looking for more liquidity, or you need to purchase loans, we’ve got you covered.
LoanStreet is an easy to use, web-based platform that automates and standardizes partial and whole loan sales, creating a single marketplace to buy, sell, and manage loans. There are no hidden fees, and you’ll have less administrative burden thanks to a standardized loan participation agreement and detailed monthly reports. The historic loan participation process is highly manual, expensive, and error prone. With LoanStreet, credit unions of all sizes can now have access to new participation opportunities enabling them to buy and sell efficiently.
Key Benefits for Sellers
- Maintain borrower relationship and control buyer access
- Easy-to-use standardized loan sale agreements
- Automated investor tracking and borrower payment distribution
- Invite existing partners to view loans, or find new ones
Key Benefits for Buyers
- Completely free to register for the platform with no minimum usage requirements
- Manage all your loans in one place
- Find loans quickly with LoanStreet’s search engine
- Complete due diligence easily with loan file and clear risk retention rules
- Automated notices and simple management tools
- Access to a broad platform for reselling loans
View this LoanStreet Comparison Chart to see how LoanStreet compares to other loan participation options.