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Bancorp in Mountlake Terrace, Wash., has partnered with a fintech to create a
loan application portal for home improvement projects.
The $2.4
billion-asset company said in a press release that LoanStar Technologies in
Swarthmore, Pa., has created a portal to prove bank financing to consumers
looking to buy windows, roofs, solar panels and other goods and services.
"We
see LoanStar as a true technology partner," Ben Crowl, the bank’s director
of consumer lending.
"We
believe that by leveraging the LoanStar platform, the bank will be able to
expand our product offerings, create a better user experience for the
contractor and consumer, and improve the workflows for the consumer lending
team,” Crowl added.
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