ABA’s Newest Member Benefit

Lenders Cooperative is excited to announce a unique American Bankers Association member benefit for the Small Business lending landscape. In response to the evolving needs of financial institutions across the United States, Lenders Cooperative is unveiling a state-of-the-art Loan Origination System (LOS) explicitly designed for small business lending, encompassing both Conventional and SBA Lending.


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ABA Members Are Eligible For:

NO SETUP OR IMPLEMENTATION FEES

Start hassle-free with zero upfront costs, as a one-time member benefit. This is a significant savings averaging $30,000 to $90,000 depending on the size of your lending institution.

FAST IMPLEMENTATION

Implementation of the Small Business Loan Origination System (LOS) in 90 days or less.

DISCOUNTED PER LOAN PRICING

Embrace a pay-as-you-go model with no extra license or seat fees. Our pricing adapts to your unique needs. ABA members realize a 15% per loan fee discount for technology (LOS) and labor (Turnkey LSP).

COMPLETE TURNKEY SOLUTION

It's more than just a Small Business Loan Origination System (LOS). Our comprehensive package includes LOS and back-office Loan Service Provider (LSP) labor.

FULL 1071 REPORTING PACKAGE

Ensure compliance with the forthcoming 1071 requirements effortlessly with our comprehensive reporting package.

"As an initial customer of Lenders Cooperative, we continue to leverage this impressive technology and the expertise of the team to modernize our own lending processes to better meet our customers’ needs and continue Cape Cod 5’s innovation journey in support of local businesses and our communities."

Matt Burke | Chairman and CEO of Cape Cod 5

LOAN ORIGINATION SYSTEM

  • Gain access to a state-of-the-art platform designed specifically for small business lending, including Conventional & SBA Loans.
  • 1071 Reporting Package: Ensure compliance with the forthcoming 1071 requirements
    effortlessly with our comprehensive reporting package.
  • Turnkey Back Office Conventional and LSP Labor: Let our experienced team handle all the necessary tasks and subtasks, allowing you to focus on decisioning and funding.

Minimum Commitment and Fixed Overhead Costs

To ensure the sustainability of this partnership, a minimum commitment of 40 loans per year is required to support the fixed overhead costs of the technology and the 15 related third-party integrations, such as Docusign, KYC, UCC, Flood, Docs, and more.

Banks retain all other origination fees and loan proceeds, maximizing their revenue potential.

To learn more or get started fill out the contact form below.

Get Started Today

Don't miss out on this opportunity to modernize your lending operations and stay ahead of regulatory requirements. Contact us today!