Upstart for Lenders

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Used responsibly, AI can make lending more inclusive and transparent—and all lending companies should be regularly evaluating whether they are using the fairest possible approach to achieve their objectives. Our Head of Public Policy and Regulatory Affairs, Nat Hoopes, talks to American Banker about the Consumer Financial Protection Bureau's newest Fair Lending report and its increased focus on less discriminatory alternatives (LDAs): https://bit.ly/4eFIuvA

REMINDER: We're hosting a live "Ask Me Anything" session for graduates of our AI in Financial Services online course—tomorrow, June 27. Bring your questions for course instructors Annie Delgado and Jeff Keltner and hear from other professionals. If you'd like to join us, get certified today! https://lnkd.in/gN9SDRZe #AMA #AI #FinancialServices

In our latest episode of the Leaders in Lending Podcast, we dive deep into the world of early-stage credit facilities with Jillian Jaccard Murrish, CEO and Co-Founder of Pier Asset Management. Jillian is leading the charge in niche and secondary markets, bringing high-impact solutions to underserved areas. Discover: - How early-stage originators differ from mature ones and why it matters. - Why avoiding expensive equity capital for loans is crucial. - The top mistake early-stage credit facilities make”and how to avoid it. "Preserve flexibility, prioritize growth, and keep it simple," says Jillian. Tune in to the full conversation on Apple, Spotify or Youtube!

Credit union leaders like Michelle Goeppner at Vantage West Credit Union know the importance of being AI certified. Here's what she said about our new AI in Financial Services online course: "This is a digestible master class in AI models that I recommend for anyone beginning to leverage machine learning in their lending practices." Join the 2,000+ professionals already enrolled today! https://lnkd.in/gFWgVCbK #AI #FinancialServices

Are you one of the 2,000 people to start our AI in Financial Services online course? If so, here’s some motivation to finish up and get certified: We're hosting a live "Ask Me Anything" session for course graduates on June 27. This is a chance to ask Chief Risk Officer Annie Delgado and SVP of Business Development Jeff Keltner any questions you have about AI in Financial Services and hear from other professionals. If you'd like to join us, get certified by June 26: https://lnkd.in/gN9SDRZe See you there!

We're thrilled to share our latest success story with PriorityONE Credit Union of Florida 🎉 Highlights include: - Credit performance surpassing expectations - Strategic reinvestment of runoff from participations into personal loans with Upstart - Exceeding annual membership goals in just 4 months! 🎯 "Partnering with Upstart is our way of dipping our toes into AI. AI is something that is only going to become more relevant, so it was a good launching point,” said Nancy Bourdon-Meyer, PriorityONE’s EVP. And, the team at PriorityONE shares their plans to gain existing members via Upstart’s recently launched Recognized Customer Personalization feature. 🚀 Curious to learn more? Check out the full case study. https://bit.ly/3VqfZJi

We're proud to welcome Diamond Credit Union to the Upstart family of lending partners! 🎉 Through its partnership with Upstart, Diamond Credit Union is increasing access to affordable credit for new and existing members across the communities it serves. #AILending #AccessToCredit Here’s what Lori Levengood, Senior Vice President and Chief Lending Officer at Diamond Credit Union, had to say about the partnership:

Our existing members are our most valuable asset, and ensuring that we are there for them throughout their entire financial journey is a top priority for us. I am really excited to be expanding our partnership through Upstart RCP, allowing Patelco to be able to meet the needs of our existing members who are looking for affordable credit on Upstart.com. Read the article attached for a deeper dive!

Phil Goldfeder joined Lynn Sautter Beal's #LeadersInLending podcast brought to you by our very own founding member Upstart! As a standards based trade association we work with regulators and policy makers to craft regulation that balances access to safe and responsible financial services with consumer protection and compliance! During the conversation they discussed: - How federal regulatory structures can evolve to support fintech advancements - The unintended consequences of “reactionary regulation” - Key efforts in establishing industry standards without regulatory mandates We thanks Nat Hoopes, for laying the foundation and the entire team at Upstart for their tireless partnership and proactive approach to shaping a responsible financial future.