Panel participants include executives from AMOCO FCU, First Financial CU, and Pathways Financial CU
NEW YORK, NY— September 14, 2021 — LoanStreet Inc. (LoanStreet) is pleased to announce that it will be hosting a live panel to discuss leveraging the “originate to distribute” lending model. This discussion will encompass an overview of the originate to distribute process, strategic rationale and benefits, operational best practices, and general recommended preparatory steps for an institution to initiate such a program.
- Jeremy Silva, Chief Financial Officer at AMOCO Federal Credit Union
- Michael Abraham, President & Chief Executive Officer at First Financial Credit Union
- Curtis Onofri, VP of Lending at Pathways Financial Credit Union
- Ian Lampl (Moderator), Chief Executive Officer at LoanStreet
“Given pervasive excess liquidity and net interest margin (NIM) compression throughout the credit union and banking industries, almost all depository institutions are well served by instituting originate to distribute programs,” Ian Lampl, CEO of LoanStreet, said. “Moreover, preparing for and executing an originate to distribute model is actually quite straightforward. We are delighted to bring together these industry leaders to help other institutions gain from their experiences.”
To reserve your spot:
Date: Wednesday, September 29, 2021
Time: 2:00 PM to 3:00 PM Eastern Time
About LoanStreet Inc.
LoanStreet is a groundbreaking technology company providing financial institutions with a range of solutions for trading, managing, and reporting loans. The platform includes robust loan-level monthly reporting, as well as applications for completing one-to-many loan transactions, commercial loan servicing, and data analytics. LoanStreet is leveraging its combination of tools to dramatically change the landscape for credit unions, small and mid-sized banks, and direct lenders. Over 1,100 financial institutions are using the platform and the network is growing rapidly. LoanStreet was founded by Ian Lampl, former Deputy Chief Counsel for TARP, following the financial crisis to meet the acute need he saw for a standardized and automated loan sharing platform.
About Amoco Federal Credit Union
More than a financial institution, AMOCO Federal Credit Union offers financial products and services paired with expert advice to help our members make the right financial decisions. We have over 215 valued employees who are dedicated to serving the financial needs of our members, which is what we’re all about. With our members as our focus, we set the standard for friendly, reliable financial service.
About First Financial Credit Union
First Financial Credit Union (FFCU) is a not-for-profit financial cooperative focused on helping our members achieve financial success. Credit Unions are different than banks and other financial institutions because we have members, not customers. Becoming a member means becoming a part owner in the Credit Union. That means all of our profits go back to our members in the form of higher dividends, lower loan rates, and rebates. Additionally, we're governed by a volunteer Board of Directors and all members get a voice through their vote at our Annual Membership Meeting.
About Pathways Financial Credit Union
Pathways Financial Credit Union is a not-for-profit financial cooperative owned by our members. While our many financial products and services are similar to what you find at banks and other for-profit institutions, there are fundamental differences at our branches of Pathways Financial Credit Union. We’re never about the bottom line; we’re about you.