History
Since 1994, Lending Solutions has been helping credit unions and other financial institutions achieve their lending goals. LSI continues to deliver leading-edge technologies and solutions that allow our clients to enhance services and accessibility to their members.
What started out as an industry first with 24/7 lending has expanded into a myriad of valuable lending services including:
- 24-hour loan-by-phone
- Internet Lending
- Indirect Underwriting
- Outbound Services
- 24/7 Member Service Transactions
- Mortgage Origination & Processing
- Collections Outsourcing
Today, Lending Solutions remains the market leader in 24/7 lending. Our flagship service, the National Loan Processing Center (NLPC), is considered the premier lending center in the industry with over three million loans processed to date. With over 200 employees, we continue to provide world-class services to hundreds of financial institutions throughout North America.
Timeline
- 1994 - Lending Solutions, Inc. founded by Rex Johnson
- 1995 - National Loan Processing Center debuts
- 1996 - University of Lending holds first class
- 1998 - LSI moves to new headquarters facility
- 1999 - NLPC processes a record 20,000 loan applications in a single month
- 2000 - Rex Johnson inducted into the Illinois Credit Union League Hall of Fame
- 2001 - One millionth loan application processed
- 2002 - Headquarters expanded for third time to accommodate company growth
- 2002 - 27,000 loan applications processed in a single month
- 2003 - Cross-sale penetration rate averages 60 percent for first quarter
- 2004 - Two millionth loan application processed
- 2005 - LSI adds Business Lending service option
- 2006 - Exclusive WebClose service introduced
- 2006 - LSI offers complete Member/Customer Service transactions
- 2007 - LSI processes 10,000 mortgage application
- 2008 - Three millionth loan application processed
- 2009 - LSI celebrated 15-year anniversary