Fintech Business Podcast Interview: LoanPro's CEO & Cofounder Rhett Roberts
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Jul 3, 2024 Rhett Roberts, cofounder and CEO of LoanPro, leads an API-first lending revolution that empowers major fintech players. He discusses the exciting partnership with Visa DPS, transforming debit to credit processing and enhancing service offerings. Rhett shares insights on navigating compliance challenges while fostering innovation, emphasizing the importance of adaptability. The conversation also dives into crafting personalized financial products that boost customer loyalty, showcasing how LoanPro stays ahead of evolving regulations while driving growth in the lending space.
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Founders' Lender Experience
- LoanPro was founded by Rhett Roberts and his brothers as lenders frustrated with poor loan servicing software.
- They built a compliance-first lending platform from their personal experience in auto lending.
Compliance-First Design
- LoanPro leads with compliance by building rules into the product from the start.
- This approach enables faster compliance updates than competitors and intercepts infractions before they happen.
Agile Compliance Teams
- Organize cross-functional compliance committees with legal, product, and tech teams to stay agile.
- Use variable-driven, rule-based software configuration to quickly adjust for new regulations without code releases.