We are excited to share some important news with you! Ventures Lending Technologies (VLT) is merging with Lenders Cooperative, a leading provider of loan origination technology for the banking industry. Through this integration, the combined platform will provide seamless connectivity, allowing Lenders Cooperative clients to access VLT’s robust servicing functionality, enhancing the overall lending experience.

 

As a stronger and more capable organization backed by an expanded team of developers, we will bring even more value to your business.

 

Who is Lender's Cooperative?

 

Lenders Cooperative provides a variety of loan solutions and shared services for banks, credit unions, and fintechs offering small business (SMB), Small Business Administration (SBA), and commercial loans to their local businesses and communities. Their cloud-based loan origination system was created to revolutionize community bankers' small business and commercial lending initiatives. It fully integrates with customers' current systems, offering streamlined, end-to-end workflows that were created to support the SBA's Paycheck Protection Program (PPP) during the pandemic.

 

Lenders Cooperative is part of the Summit Technology Group (STG), a dynamic team of bankers, cloud engineers, and technologists dedicated to helping community and regional banks modernize their operations, technology, and back-office processes. STG has successfully supported over 200 community institutions in enhancing their banking services, and we are excited to bring this expertise into our new partnership.

 

What Does This Mean for You?

 

With this merger, we are positioned to offer even more value to our customers:

• The same high level of customer support you've always received from VLT, with added resources to serve you better.
• Faster delivery of new features, helping you stay ahead of the curve.
• Expanded lending process expertise to better support your unique needs.
• The same VLT team you trust, now with the strength of a larger, like-minded organization.
• Exciting new features, coming soon, that will enhance your experience and operational efficiency.
• Existing service agreements will remain in effect under their current terms.

 

Looking Ahead

 

This merger represents a new chapter for us, and we’re confident that together we will achieve even greater success. We can’t wait to bring you even more capabilities and opportunities in the near future.

 

If you have any questions or would like to learn more about how this merger will benefit you, please don’t hesitate to reach out. We’re here to ensure a smooth transition and to continue supporting your growth. 

 

We are incredibly grateful for your continued trust and partnership. Thank you for being part of our journey!

 

• To read the full press release click here Press Release
• Learn more about Lenders Cooperative

 

Warm regards,

Tom Brune, President

Julie Middleton, Vice President of Sales & Support

Ventures Lending Technologies