With the current technological advancement adopted by GreenSky Credit, customers and the small financial creditors can comfortably relax as they transact their businesses. The organization has been for a long period providing lending support services to the small creditors who could be having a large customer base but have weak financial muscles to satisfy the needs of the customers. GreenSky Credit has been chipping in to avail the required funds to keep the business of the lenders running, at the exchange of a small commission on the outstanding balances of the borrowers. This partnership with the financial institutions has also brought about the growth aspect to GreenSky Credit where it has recorded a whopping $3.5 billion during the last valuation.
In the recent past, the organization has adopted some technology that seems to be transforming the way operations are run by the three parties; GreenSky Credit, the customers, and their financial creditors. The company has brought into use an online technology platform that enables the customers to directly apply for the loans that they require without visiting their immediate lenders. In this process, the borrowers visit the GreenSky’s website where they are required to key in their personal and loan application particulars. From there, the information is sent to the specific creditor for subsequent reviews after which GreenSky is authorized to release the loan amount for the use by the borrower.
The beauty of the platform is that the process takes minutes, which would otherwise take days or even weeks for the borrower to receive the funds for their use. Also, the process is more efficient in the sense that the customers are not required to travel to the lenders’ premises for them to access the loans. All they need is a phone or a computer with some internet access, and they can walk through all the processes from the comfort of their homes.
GreenSky has made the exemplary performance under the guidance of David Zalik, who is the President, CEO and the principal of the organization. The great crew of employees of the organization has also greatly contributed to the notable success that is reflected on the end of year valuation figures.