Lending solutions for banks and credit unions
powered by Grow
Accessible 24/7 in branch or online, Grow’s white labelled lending software significantly reduces the time it takes for banks and credit unions to process loan applications
The Grow Platform offers financial institutions unprecedented insight into the applicant’s finances to optimize underwriting and relevant cross-sell opportunities, growing wallet share faster and more effectively
Grow’s end-to-end Lending solution is packed with great features:
How It Works.
As a bank or credit union, we know you want to provide incredible service while growing your wallet share. Our exceptional user experience makes it fast and easy for new and existing customers to get loan quotes, approvals and fulfillment.
User Begins Loan Application
After creating a profile, the applicant enters in the desired loan amount and what the loan will be used for
The applicant confirms personal information including housing costs and employment information
Pre-Approved Loan Quoted
A Soft Credit Pull is run against your pre-configured decisioning logic to determine an instant pre-approved loan quote
Contact information is verified via email, text message or phone call. A primary and secondary ID are uploaded and verified against a selfie or uploaded portrait. Powered by FinSnap, The Applicant links an existing bank account to verify income, satisfy KYC requirements and to verify the Funding Account
Compliance & Legal
A Hard Credit Pull confirms and finalizes all remaining inputs before approving or declining a loan application. The Applicant is required to agree to all legal terms, including a digital signature from any device, ensuring your loan terms are enforceable and compliant
A final review and the Applicant submits their application; all data is sent securely to your core system and you can manually review their application in the Grow Console