Problem: Local financial institutions don’t have the access to resources or multiple branches that a larger bank like JPMorgan has. So, usually, local community lenders find a niche, and double down on 1 type of lending products. But, that creates at least 2 problems:

An over concentration in geography
An over concentration in 1 lending product

So Ian Lampl stepped in, and by comparing lending to the bond market, LoanStreet was born.

On this episode, Ian tells us all about his end-to-end lending platform that 600 local financial institutions are already falling in love with.

What we talked about:

Community lenders had 2 problems: geography & product
Most people thought ‘matching’ would solve the issue
The problem wasn’t ‘matching.’ The issue was infrastructure
How LoanStreet modeled their loan platform after the bond market
LoanStreet’s platform is actually better than the bond market’s standardization model
Example LoanStreet in action

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Until next time!

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How One Man Is Helping Local Lenders Diversify Their Balance Sheet w/ Ian Lampl