Lending point credit union partner 03022016 (1)

LendingPoint™ Partnership 2016 © 2016 LendingPoint LLC– Proprietary & Confiden8al

™ LENDINGPOINT

Partnering with Credit Unions to provide lending solutions to more members seeking personal loans

CREDIT UNION PARTNERSHIP

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2 LendingPoint™ Groove Car Partnership. 2016

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WHO WE SERVE

WHAT WE DO

HOW WE DO IT

WHEN “LIFE HAPPENS”

 This allows the Credit Union to retain relationships, acquire new ones, monetize marketing spend and generate incremental fee income.

 LendingPoint serves Credit Unions interested in offering a second look lending solution to near-prime and re-emerging credit borrower members.

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WHO WE SERVE

WHAT WE DO

HOW WE DO IT


 options to underserved near prime and re-emerging credit members. We say yes more often, even When Life Happens.

LendingPoint™ Groove Car Partnership. 2016

 LendingPoint is a direct lender that optimizes the intersection of FinTech and Data Science to offer fast, fair, and flexible loan

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WHO WE SERVE

WHAT WE DO

HOW WE DO IT


LendingPoint™ Partnership. 2016

At LendingPoint we know the value of understanding the re-emerging and fair credit member’s story. Our proprietary scoring model utilizes over 100 traditional and non-traditional data sets along with 12+ credit risk categories, allowing us to deliver fast, fair and flexible loans to more of your members.

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WHO WE SERVE

WHAT WE DO

HOW WE DO IT

WHEN LIFE HAPPENS

 LendingPoint is there When Life Happens for your members. Say YES to LendingPoint and you’ll be able to say YES to more near-prime and re-emerging credit members.

 

LendingPoint™ Partnership 2016 5

Fast. Fair. Flexible.

h>ps://www.trustpilot.com/review/www.lendingpoint.com

TARGET MARKET

600 up to 675 FICO $20,000 + Annual Income Employed / Self Employed or Retired

TARGET PRODUCT

$3,500 to $20,000 Loan Size 12 - 48 Month Term Fixed 17.46% up to 34.99% APR Unsecured Loan No prepayment penalty

USE OF FUNDS

Debt Consolidation

Auto Needs

Home Repair /Improvement

Major Purchase / Expense

Medical / Dental

Moving Vacation / Travel

Credit Card Refinancing

Car Financing

Taxes

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1  Submit  applications  into our API, link to website, email, warm transfer

Referral Connectivity

5 Easy Steps

2  We instantly  reply with  3 offers  or notify if  declined

3  Member  accepts offer  and provides   back up documentation

4  Member  is approved  Docs sent for  E-signature 5  Doc’s E-signed,

funds deposited in 24 hours, status report to Credit Union is available same day

Efficient Instant Decisions

Provide More Yes’s

Mone8ze Marke8ng Spend

LendingPoint™ Partnership. 2016 7

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Example Cobranded URL

Direct Members to Web Custom Portal Access

URL / Portal

LendingPoint™ Partnership 2016

Why LendingPoint

Efficient, instant decisions Provide loan options and quality service to those who do not otherwise qualify for typical financing Monetize marketing spend and improve marketing efficiency Earn non-interest incremental income from referrals Retain member relationships Acquire new member relationships

Credit Union Partner Benefits

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Benefits for the Credit Union


Retains members Provides quality service to those who do not qualify for typical credit union financing Help improve the members’ credit score The credit union earns non-interest income Your members win The Credit Union wins


Once the members’ credit improved LendingPoint™ will graduate the member back to the credit union

Our Goal is to Graduate Your Member

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More About Us


LendingPoint’s award-winning team holds intellectual patents for unique modeling of data and credit scoring. Our work has previously been distinguished by the American Business Awards, The Bizz Awards, Information Week 500, and the Monarch Innovation Award for our ability to build fast, scalable credit decision systems that use non-traditional data to identify opportunities in gray areas of credit.

AWARD WINNING TEAM Quantum Analytics™, LendingPoint’s proprietary predictive credit-analytics platform, broadens credit decision criteria and enables even more qualified members to rapidly access money at the point of need - with fair rates and flexible terms. • Seamless integration • Real-time decision engine • Say “YES” more often

QUANTUM ANALYTICS™

Award Winning Multidisciplinary Team: •  Experience growing funding portfolio to over $1B yearly •  Intellectual patents for unique modeling of data and credit scoring •  We understand the value of data •  Experience in international operations and emerging market opportunities •  50+ years combined financial and payment industry experience •  24+ years credit union experience

We’ve Done It Before: •  Created disruptive technologies in the lending space •  Built fast and scalable credit decision systems •  Deep experience distinguishing risk in gray areas of credit •  Comprehensive understanding of the regulatory environment •  Full financial services PCI compliant (security) •  Management background in large scale multifunctional 1,200 seat ops center serving world-

class institutions, such as:

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Award Winning Team


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When life happens
