How One Man Is Helping Local Lenders Diversify Their Balance Sheet w/ Ian Lampl
Dec 10, 2019•17 min
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Episode description
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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