LoanPro blog

In 'Transforming credit origination: trends, challenges, and opportunities', Colton Pond (CMO of LoanPro), Maik Taro Wehmeyer (CEO & Co-Founder of Taktile), and Jason Mikula (Head of Industry Strategy, Banking & Fintech at Taktile) dive into the transformation of credit origination, highlighting the challenges lenders face, including the balance between speed and credit quality, the integration of AI, and the use of alternative data.

Welcome to another issue of LoanPro’s Compliance & Fintech Newsletter, bringing you news from across the industry with a focus on compliance. Expect new editions monthly. Subscribe to the newsletter to make sure you don’t miss an issue.

Return on investment (ROI) for loan management software is a formula for measuring a software’s cost against the estimated value it provides. ROI calculations help credit providers directly compare different software or management solutions and determine which choice will be the most profitable.

On January 7, 2025, the CFPB finalized a rule prohibiting data furnishers and credit bureaus from reporting on medical bills and debt.

Welcome to the latest release notes for LoanPro’s modern lending and credit platform. These notes summarize our most recent releases, organized into sections for important reminders, new features, general platform updates, and changes related to specific credit product types.

In 'The Value of Modern Infrastructure for Lending and Credit Providers', Colton Pond (CMO of LoanPro) and Luke Pelullo (Co-Founder and COO of Arro) explore how upgrading infrastructure can enhance efficiency, scalability, and innovation, enabling lending and credit providers to stay competitive in an ever-evolving market.

Welcome to another issue of LoanPro’s Compliance & Fintech Newsletter, bringing you news from across the industry with a focus on compliance. Expect new editions monthly. Subscribe to the newsletter to make sure you don’t miss an issue.

The newest episode of the Accrued podcast is out. Hosts Tedd Huff of Fintech Confidential and Colton Pond of LoanPro are joined by Canadian fintech extraordinaire Jeff Adamson, the co-founder and Chief Commercial Officer at Neo Financial.

In “2025 Lending and Credit Trends: What banks and credit unions need to know”, Rhett Roberts (CEO & Co-Founder of LoanPro) and Colton Pond (CMO of LoanPro) sat down with Matthew Smith (Director of Innovation Initiatives at IBAT) and Dave Mayo (Founder & CEO of FedFIS) to discuss the key trends, regulatory changes, and innovative strategies to keep financial institutions competitive and profitable in 2025.

LoanPro, the market-leading lending and credit platform, is proud to announce its sponsorship of Bankers Helping Bankers (BHB) as part of the Friends of BHB program.

Simplify OFAC compliance with LoanPro's Smart Verify. Automate checks, consolidate systems, and improve efficiency. Reduce risk and focus on complex cases.

The most recent episode of the Accrued podcast is live. This time, hosts Tedd Huff and Colton Pond are joined by two guests from Ensemblex, Shawn Budde and Chloe Zhu.

Welcome to another issue of LoanPro’s Compliance & Fintech Newsletter, bringing you news from across the industry with a focus on compliance. Expect new editions monthly. Subscribe to the newsletter to make sure you don’t miss an issue.

The real challenge in automotive finance is not so much giving a vehicle to a stranger, but getting that stranger to pay you back later. Unfortunately, many platforms are frontloaded with origination tools but offer minimal support during servicing and collections.

Streamline auto loan origination with modern technology. Improve customer experience, reduce paperwork, and increase efficiency in automotive financing.

When credit platforms fail or go out of business, the providers who use them pay the price not just in fines, but also in a loss of trust from their customers. Providers need a system built on both reliable technology and sustainable business practices, ensuring that the platform will remain operational consistently and continuously into the future.

Any kind of financing can be tricky, but automotive lending is its own beast. Between the logistical challenges of managing or coordinating with auto lots, the difficulty of tracking and sometimes recovering collateral, and the web of state and local regulations, automotive lenders and lessors have a lot to handle—and that’s on top of problems that are universal to any credit provider, like driving portfolio growth, keeping borrowers engaged, and staying efficient.

Combining deliberate planning with emergent strategies fosters innovation. Honda's success and LoanPro's pivot showcase the benefits of strategic flexibility.

Hosted by Colin Terry, COO and EVP of Product at LoanPro, Jonathan Awad, co-founder and CEO of Baselayer, and Ashwin Chandrasekaran, Senior Director of Product Management at Forward Financing, ‘Fraud prevention, AI, and compliance in SMB financing’ delves into the complexities of fraud prevention, offering insights on how financial organizations can strengthen their efforts with next-gen technology to mitigate risks while ensuring compliance.

In Fintech Confidential’s Accrued podcast’s latest episode, hosts Tedd Huff and Colton Pond are joined by Timothy Li, CEO of LendAPI, his new startup focused on making onboarding faster and more affordable.

CFPB's 1033 rule mandates open banking, allowing consumers to share financial data. Understand implementation timelines and potential industry impacts.

Welcome to another issue of LoanPro’s Compliance & Fintech Newsletter, bringing you news from across the industry with a focus on compliance. Expect new editions monthly. Subscribe to the newsletter to make sure you don’t miss an issue.

Integrated lending data reduces credit risk by providing fresh data sources, holistic systems, and streamlined processes for banks and financial institutions.

SALT LAKE CITY--(BUSINESS WIRE) — LoanPro, the modern lending and credit platform, announced today the launch of Smart Verify, a new suite of data solutions that integrate third-party data sources into their platform for rapid identity verification and ongoing monitoring for business and consumer accounts.

The latest episode of Fintech Confidential’s Accrued podcast series has hosts Tedd Huff and Colton Pond speaking with Jonathan Awad.

Welcome to the release notes for LoanPro’s modern lending and credit platform. These notes cover the past quarter’s releases, organized into sections for new features and general platform improvements.

Expand your lending portfolio with credit builder products. Acquire new borrowers, maintain efficiency, and convert transactions into long-term relationships.

Last year, LoanPro welcomed Carl Pascarella to their board of directors. He is best known for playing a key role in Visa’s growth and evolution in the U.S. market, serving as their CEO from 1993 to 2005.

For years, the card market has been crowded with lookalikes. Consumers looking for a new card are faced with limitless options, but most cards on the market really only differ from each other in their APR and rewards programs.

In the most recent episode of Fintech Confidential’s Accrued podcast series, hosts Tedd Huff and Colton Pond were joined by Alex Rhodes, Chief Operating Officer at Best Egg. Together, they discussed Best Egg's trajectory from fledgling personal lender to financial powerhouse, with $30 billion extended in loans and landing top ten spots for two years running in the J.D. Power awards for customer satisfaction in consumer lending.

Scott Johnson, formerly the Senior Vice President of Business Development at Galileo Financial Technologies for 20+ years, has joined the LoanPro executive team as the President of Card, using his decades long industry experience to help deliver a best-in-class credit platform to card providers.

Few things are more frustrating than getting a fee because of a bureaucratic mistake.

This first-to-market partnership between best-in-class providers will deliver an end-to-end platform to launch, manage, and service lending, leasing, and credit accounts with increased operational efficiency.

Welcome back to Fintech Confidential’s Accrued podcast series, brought to you by LoanPro. This newsletter will catch you up on the most insights and key takeaways from the most recent episode: Empowering Women, Erasing Student Debt - Michelle Tran Leading at Summer & NYC Fintech Women.

In ‘Reshaping the Future of Card Programs: Industry Trends and Future Opportunities’, Colton Pond, CMO of LoanPro, Craig Rismiller, EVP of Strategic Initiatives and Partnership Development at Amount, and Tedd Huff, host of Fintech Confidential, explore emerging trends in credit within the financial sector and highlight the opportunities available for financial organizations to leverage in order to maintain a competitive edge.

Launching a card program involves a lot of moving pieces, from origination and card issuing to a ledger and the other tools you need to service accounts and collect payments.

State repossession laws vary widely. Learn key compliance areas: hold periods, notices, and auction rules to stay compliant across jurisdictions.

By combining LoanPro’s configurable, API-first architecture with ampliFI’s dynamic loyalty solutions, financial organizations can seamlessly integrate loyalty-enhancing programs into their credit operations.

No one is really in love with the idea of strangers handling your personal information, so most of us can agree with the intentions of The Gramm-Leach-Bliley Act (GLBA).

Jeri brings extensive experience in customer relationship management, sales, and consulting—with a proven track record of driving success in the tech industry. Most recently, she served as Chief Operating Officer at YouScience.

Effective lender hardship programs include payment delays, interest rate reductions, and fee forgiveness. Use modern software to scale borrower-friendly policies.

Another recap of Accrued: After Hours podcast is out now! This time featuring David Anderson, Chief Product Officer and co-founder of Tandym.

Simplify credit reporting with LoanPro's automated system. Extract data, create Metro 2 files, and submit to credit agencies effortlessly.

Hosted by Jim Marous, a leading authority in the fintech and banking industry, and Colton Pond, LoanPro’s CMO, ‘The future of lending’ is an insightful three-part webinar series exploring the future of lending with industry experts.

SALT LAKE CITY–(BUSINESS WIRE)–LoanPro, the API-first, modern lending and credit platform, announced today that Chris Trujillo has joined their executive team as General Counsel, to continue to support the strong...

Welcome to another recap of Fintech Confidential’s Accrued podcast series. If you are interested in how AI and data accessibility are changing the game in finance, look no further than episode 14

Enacted in 1991, the Telephone Consumer Protection Act (TCPA) places some restrictions on how companies communicate with consumers over the phone.

Hosted by Jim Marous, a leading authority in the fintech and banking industry, and Colton Pond, LoanPro’s CMO, ‘The future of lending’ is an insightful three-part webinar series exploring the...

It’s time to unpack the latest edition of Fintech Confidential’s Accrued podcast series.

Hosted by Jim Marous, a leading authority in the fintech and banking industry, and Colton Pond, LoanPro’s CMO, ‘The future of lending’ is an insightful three-part webinar series exploring the future of lending with industry experts.

Borrowers like texting. That’s no surprise; just about everyone likes texting (or at the very least appreciates it as a medium for instant, reliable communication). And more than just texting their friends or family, a growing number of smartphone users prefer texting businesses to phone calls, email, or face-to-face conversations.

With interest rates on the rise, many would-be borrowers are thinking twice about taking on debt, especially debt that could risk their homes, cars, or other property.

Welcome to the twelfth edition of Accrued: After Hours! Whether you’re a fintech enthusiast or a professional in the fintech industry, this episode will keep you informed on the condition of Canada’s financial services sector.

WILMINGTON, Del. & FARMINGTON, Utah–(BUSINESS WIRE)–Best Egg, the leading financial confidence platform, and LoanPro, the API-first, modern lending and credit platform, are pleased to report on the exceptional results delivered through their strategic partnership focused on providing a best-in-class customer experience.

Welcome back to another synopsis of Fintech Confidential’s Accrued podcast series. You won’t want to miss the insights disclosed in season 1, episode 11: How Does Fintech Scale? Galileo’s Scott Johnson Exposes the Secret.

LoanPro announces the launch of Accrued, a podcast series in collaboration with Fintech Confidential. This podcast series features the top industry leaders providing real-world and practical insights into fintech, innovation, lending, and credit.

Well, not exactly, but a recent interpretive rule from the Consumer Financial Protection Bureau (CFPB) says that BNPL and other “digital user accounts” work similarly enough to credit cards that they legally count as cards under Regulation Z, and are subject to all of its rules on issuing and managing card programs.

Welcome to the tenth edition of Accrued: After Hours 🎙️! This weekly newsletter will provide you a short recap and the main takeaways of each episode from LoanPro’s Accrued podcast series on

There’s not a perfect solution to the build or buy question, only alternatives that come with their own benefits and drawbacks.

LoanPro, utilizing Visa DPS as a processor, unlocks a new integration to provide clients with acomprehensive platform for launching, servicing, and managing card programs, withcompliance at the forefront SALT LAKE...

Welcome to the ninth edition of Accrued: After Hours 🎙️! This weekly newsletter will provide you a short recap and the main takeaways of each episode from LoanPro’s Accrued podcast series on

Transition from manual to automated loan underwriting to enhance speed, reduce errors, and cut operational costs.

In the last decade, the financial sector has experienced seismic shifts, primarily driven by digital transformation. This evolution is reshaping what we’ve traditionally understood as financial supply chains.

The traditional approach to BaaS has structural flaws, and these flaws lead to a pattern of operational and compliance issues.

Legacy lending software systems can sometimes feel bureaucratic. You approach them with what seems like a simple request, and they respond with all the alacrity of the DMV.

FCRA mandates control consumer report usage and information sharing. LoanPro offers customizable disclosures, credit score recording, and automated communications for compliance.

Welcome to the eighth edition of Accrued: After Hours 🎙️! This weekly newsletter will provide you a short recap and the main takeaways of each episode from LoanPro’s Accrued podcast series on

Welcome to the seventh edition of Accrued: After Hours 🎙️! This weekly newsletter will provide you a short recap and the main takeaways of each episode from LoanPro’s Accrued podcast series on

Build trust, tailor solutions, communicate effectively, be transparent, and offer flexibility to create strong borrower-lender relationships in loan agreements.

Welcome to the sixth edition of Accrued: After Hours 🎙️! This weekly newsletter will provide you a short recap and the main takeaways of each episode from LoanPro’s Accrued podcast series on

Analyze portfolios, assess risk, foster trust, monitor KPIs, optimize growth, and use automation to enhance loan portfolio management effectiveness.

UDAAP prohibits unfair, deceptive, or abusive acts in financial services. Learn key requirements, examples, and LoanPro's compliance solutions.

Welcome to the fifth edition of Accrued: After Hours 🎙️! This weekly newsletter will provide you a short recap and the main takeaways of each episode from LoanPro’s Accrued podcast series on

Bankruptcy requirements can seem pretty complex, especially given that there are several different chapters of the US code defining types of bankruptcy that can be filed.

Consistent communication is key as a lender to keep your borrowers informed, engaged, and paying. Driving customer engagement manually, however, can be a laborious task that soaks up a significant amount of your team’s time.

Welcome to the fourth edition of Accrued: After Hours 🎙️! This weekly newsletter will provide you a short recap and the main takeaways of each episode from LoanPro’s Accrued podcast series on

We recently interviewed one of our long term clients, Modern Asset Management, to discover why they transitioned from AutoPal to LoanPro.

Welcome to the third edition of Accrued: After Hours 🎙️! This weekly newsletter will provide you a short recap and the main takeaways of each episode from LoanPro’s Accrued podcast series on

Welcome to the second edition of Accrued: After Hours 🎙️! This weekly newsletter will provide you a short recap and the main takeaways of each episode from LoanPro’s Accrued podcast series on

Welcome to the first edition of Accrued: After Hours 🎙️! This weekly newsletter will provide you a short recap and the main takeaways of each episode from LoanPro’s Accrued podcast series on Fintech Confidential.

Open-end credit compliance involves account disclosures, periodic statements, and payment rules. LoanPro offers tools to manage these requirements effectively.

Become a lender by offering financing-friendly products and using a modern lending platform. Learn about installment loans, lines of credit, and essential tools.

In October 2023, LoanPro unveiled it’s new, patent-pending innovation—transaction-level credit. This article dives deep into the details how LoanPro’s transaction-level credit powers innovative credit card programs. To read our press...

LoanPro's customer portal provides self-service options for loans and credit accounts. Includes unified payments, themes, and automated ticketing system.

Learn about TCPA compliance and how LoanPro can help reduce risk with efficient compliance solutions.

The Utah Governor’s Fintech Advisory Council awarded LoanPro the “Fintech of the Year” award. The award recognizes both the company’s modern credit platform and how they have enabled innovation in the fintech sphere.

Fair Debt Collection Practices Act prevents abusive practices. Debt collectors must follow strict communication rules and provide debt validation notices.

MIAMI, Feb. 15, 2024 /PRNewswire/ — Paydit, the leading collections automation platform, and LoanPro, the API-first modern lending and credit platform, are excited to announce a new strategic partnership aimed at improving collections and recovery rates for lenders.

Jer Wood, former President of Hatch Bank, has joined the LoanPro executive team as the President of Credit Sponsorship, using his background in bank sponsorship to help reimagine how sponsor...

We recently interviewed one of our new clients, John Cain, CEO of Loot, to discover why they chose LoanPro over our competitors.

Sending disclosures to borrowers? Not a problem with LoanPro's disclosure breakdown and automated solutions.

Our “Leveraging AI for Smarter Collections” webinar with Paydit is an in-depth conversation on how modern lending platforms are transforming collections strategies, led by our Chief Marketing Officer, Colton Pond, and Paydit’s Vice President of Growth, Dustin Mena.

CARD Act mandates 45-day notice for APR changes, prohibits double-cycle billing, requires opt-in for over-limit fees, and regulates payment allocation for credit cards.

Suzan Chaffin has joined the LoanPro leadership team as the EVP of Solutions, using her fintech background to help organizations launch credit card offerings and further enhance LoanPro’s modern credit platform.

Maintaining compliance with the various laws and regulations that govern the fintech and lending industries can be tricky. At LoanPro we care about our customers’ compliance needs, so we’ve summed up the main requirements for a number of regulations.

Loan automation streamlines processes, reduces manual tasks, and improves loan-to-agent ratios.

We recently completed an in-depth interview and analysis with one of our personal lenders and compiled our findings into a case study that showcases how LoanPro helped boost their operational efficiency.

This is LoanPro’s Compliance & Fintech Newsletter, bringing you news from across the industry with a focus on compliance. New editions will be posted monthly.

Banks and fintechs alike are on the lookout as the CFPB and OCC increase their focus on requirements for Earned Wage Access (EWA) and Buy Now, Pay Later (BNPL) products.

An intuitive, modern, and simple user interface and experience are essential for servicing. Whether you service loans, leases, lines of credit, or credit cards, LoanPro’s modern user experience is configurable, easy to navigate, and will improve your agent, back-office, and borrower experiences.

We are excited to announce that as of December 2024, LoanPro is now ISO 27001 certified. This achievement is essential for our commitment to delighting our customers by keeping their information secure while also attracting new clients worldwide.

This is the first post of LoanPro’s Compliance & Fintech Newsletter, bringing you news from across the industry with a focus on compliance. Expect new editions monthly.

Evaluating lending management systems is a tall task. Between ensuring you have the features you need to successfully manage your specific lending type and worrying about other factors such as pricing and implementation, important questions can slip through the cracks.

In the past year, the seemingly endless pool of investment funds dried up more quickly than almost anyone expected.

Every year, Utah Business honors technology innovators. LoanPro is honored to accept this year’s first place award in fintech from Utah Business for transaction-level credit, an innovation at the core of line of credit and credit cards.

Discover LoanPro's revolutionary transaction-level credit, a patent-pending innovation transforming credit card programs with personalized finance terms and unmatched flexibility. Learn how this technology empowers businesses to create unique, consumer-friendly credit products.

Innovation is the center of everything that we do as we continually improve our API-first modern lending platform.

Fintech marketing veteran, Colton Pond, joins LoanPro’s executive leadership team to fuel the next phase of growth for the API-first lending platform.

LoanPro strengthens ties with longtime partner TrueNorth through a strategic investment enabling faster innovation with adjacent product offerings and hiring top tier technical talent.

If you’ve scrolled through any sort of social media lately, chances are you’ve been served an ad about a software solution that will revolutionize the way you do business and increase ROI.

This is LoanPro’s Compliance & Fintech Newsletter, bringing you news from across the industry with a focus on compliance. New editions will be posted monthly.

FARMINGTON, Utah, May 10, 2023 /PRNewswire/ — LoanPro, the leading loan management platform, announced that Carl Pascarella, Former CEO of Visa, has joined its board of directors.

Use the bad debt expense formula (Total Bad Debt / Total Credit Sales) to estimate uncollectible accounts, set reserves, and maintain financial statements.

We recognize Utah’s 15 largest revenue companies, 100 fastest growing, and a select list of newer, Emerging Elite Companies. This was MountainWest Capital Network’s flagship event, with over 1,000 business leaders in attendance.

Data visibility improves security, efficiency, and decision-making in lending. It reduces compliance risks, enhances customer experience, and drives profitability.

LoanPro's Calculator improves borrowers' user experience of applying for loans, making customer acquisition easier for the lending company.

This award recognizes organizations deemed the “best place to work” by their own employees. Using a rigorous vetting process, employees fill out anonymous surveys, ranking companies on a number of factors including flexibility, pay equity, vacation time, management, and more.

There’s not a perfect solution to the build or buy question, only alternatives that come with their own benefits and drawbacks.

The Office of the Comptroller of the Currency (OCC) has been featured many times in the news recently in connection to increased scrutiny of the relationships and financial offerings of banks and their third-party fintech partners.

The rise of the internet has changed everything we know about modern-day communications.

There’s not a perfect solution to the build or buy question, only alternatives that come with their own benefits and drawbacks.

Deloitte’s Technology Fast 50 Award List is a ranking of the region’s 50 fastest-growing technology companies, based on revenue growth over the last four years.

“The devil is in the details…” LoanPro announced its position of No. 666 on the annual Inc. 5000, its second consecutive year on the most prestigious ranking of the fastest-growing private companies in America.

In the midst of lockdown and uncertainty, consumers and businesses alike scrambled to adjust to life during Covid.

The EY Entrepreneur Of The Year™ program was established more than 30 years ago and today operates in more than 60 countries and 145 cities around the world. Ernst & Young LLP (EY US) announced that LoanPro co-founders, Rhett, Ben, and Lloyd Roberts, were named as Entrepreneur Of The Year® 2022 Mountain West Award finalists.

The American Business Awards are the U.S.A.’s premier business awards program.

Core lending platforms offer a single source of truth, efficient loan calculations, and easier portfolio management. Automate payments and improve document handling.

There are hundreds of metrics out there to measure customer experience, even though we track many of them, here at LoanPro we are big on the NPS (Net Promoter Score).

The Financial Times list is compiled with Statista, a research company, and ranks entrants from across the Americas by their compound annual growth rate (CAGR) in revenue, between 2017 and 2020.

Automated lending systems reduce loan turnaround time, improve credit risk assessment, and enhance customer satisfaction. Streamline your online lending with automation.

LoanPro ranks as number twenty-one on Inc. Magazine’s Regional Rocky Mountain prestigious list of fastest growing private companies in the mountain west-Read More

Control your portfolio with the LoanPro B2B lending platform designed to optimize processes, drive revenue, and mitigate human error.

Loan management software automates lending processes, improves efficiency, and maximizes revenue. Key features include scalability, integration, and privacy compliance.

LoanPro’s Cesar Olea is recognized by Silicon Slopes Hall of Fame as a finalist for CTO of the year, 2021 Awards for outstanding innovation and leadership in tech

The right loan servicing software allows lenders to track data more efficiently, and in turn, increase revenue. Click here to learn more!

Above Lending utilizes LoanPro's lending software to ensure ease of use for lenders and servicers alike - focused on debt consolidation and operational efficiencies

Current Expected Credit Loss is a new accounting standard requiring financial institutions to record “life of loan” loss estimate at loan origination or purchase.

Automotive lending software streamlines loan management, improves productivity, and enhances customer experience.

LoanPro was recognized by Inc. 5000 as the 33rd fastest growing Software company in the country. Our growth was measured at an increase of 1,785% over three years!

Through this capital raise, LoanPro will enhance its platform functionality, enter new lending verticals, and further invest in client-centric growth initiatives.

July 7th was a day filled with fun, friendship, and free food!

Medallion Bank now combines its recreation and home improvement consumer finance loan origination capability with LoanPro’s proven lending platform - Read more!

The Silicon Review Q/A session with CEO and Co-Founder Rhett Roberts answers questions about what uniquely qualifies LoanPro to solve lending pain points - Read more!

LoanPro’s adaptability means endless integrations and use cases for the different features we offer. Discover how fintech companies are integrating our software.

Learn more about LoanPro's eNPS and what it says about the satisfaction of the people that work here.

Fundbox, the leading B2B payment and credit network, announced that the company has selected LoanPro, the leading cloud-based loan servicing platform - Read More!

Learn how LoanPro customers leverage loan servicing software to Implement work from home strategies across their organization | Read more on the LoanPro.io blog!

Marlette Funding has selected the platform to leverage the latest in loan-servicing technology and workflow automation to increase process efficiency. Read more!