Loan Origination Automation
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SBA WORX Selects LenderAI as a Technology Platform for Its LSP Business
Prnewswireยท 2025-09-29 13:49
Core Insights - iBusiness announced that SBA WORX has selected LenderAI as its loan origination and processing technology platform, enhancing transparency and efficiency in the lending service provider ecosystem [1][2][4] Company Overview - iBusiness Funding specializes in providing lending solutions for banks and lenders, focusing on SBA lending programs and processing over $7 billion in SBA loans [6] - SBA WORX is a specialized Lender Service Provider that supports financial institutions with the full lifecycle of SBA 7(a) lending [8] Technology Adoption - The adoption of LenderAI allows LSPs to deliver faster, more accurate, and scalable lending services, automating critical components of the loan origination process [2][4] - LenderAI has processed over $7 billion in SBA loans and more than $4 billion in conventional SMB loans, showcasing its effectiveness in the market [3] Client Benefits - Clients of SBA WORX, such as Arlo Bank, report improved customer experience and data accuracy due to the innovative technology provided by LenderAI [3] - The platform's features include integrations with third-party credit and identity data sources, end-to-end process transparency, and advanced automation tools [3][4] Market Position - LenderAI is recognized as a leading technology solution for SBA lending and has expanded its capabilities to support personal credit products, indicating its versatility in the SMB financing ecosystem [3]