Lenders Cooperative

What Lenders Cooperative does

Lenders Cooperative is a client-owned cooperative providing a unified, cloud-native loan origination and servicing platform for community and regional banks, credit unions, CDFIs, and fintech lenders in the United States. The platform is built on AWS infrastructure with an API-first architecture that integrates with core banking systems (CSI, Fiserv DNA, Jack Henry SilverLake) and orchestrates 15+ third-party vendors including Socure for identity verification and fraud prevention. Beyond the core LOS and servicing modules, the company offers Risk Operations Platform, Bankers Analytics (on Amazon QuickSight), a white-labeled Small Business Contact Center (on Amazon Connect), and outsourced Lender Service Provider (LSP) services spanning credit underwriting, SBA lending, bank operations, and call center operations.

The business operates across three revenue streams: platform/SaaS subscription, per-unit or transaction-based pricing, and professional services for underwriting, SBA, and operations outsourcing. Pricing is quote-based, with ABA Premier Partner members receiving no implementation fees and per-unit pricing that enables ROI on the first loan processed. Distribution combines direct enterprise sales to larger institutions (Desert Financial at $9B AUM, SECU MD at $5B AUM, Hanmi Bank), inside sales via website demo requests for community banks, and the ABA member channel.

The company was founded in 2019 as a subsidiary of Summit Technology Group, launched as a standalone client-owned entity in January 2023, and completed a merger with Ventures Lending Technologies in February 2025. The combined entity serves 250+ lending institutions and processed 99.8% of SBA 504 loans ($20B+ in projects) in 2024. Operations are based out of Mechanicsburg, Pennsylvania, with offices in Arlington, Virginia (headquarters), and Birmingham, Alabama. The company is SOC 2 Type 2 certified (annual audit by McKonly and Asbury) and has been recognized as a Best Places to Work in Fintech by American Banker in 2023 and 2024.

Name

Lenders Cooperative

Legal name

Lenders Cooperative, Inc.

Website

https://lenderscooperative.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Lenders Cooperative is a client-owned cooperative providing a unified, cloud-native loan origination and servicing platform for community banks, credit unions, CDFIs, and fintechs, combining SaaS technology with outsourced SBA and commercial lending services across 250+ institutions.

Ownership category

akta.pro rank

Product category

Commercial Lending Software

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Other Activities Related to Credit Intermediation (52239)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI)

akta.pro secondary industries

Mini-Correspondent / Table Funding Programs (FSALACAC), CRE Loan Syndication & Participation (FSALADAK)

Keywords

• Loan origination software
• Commercial lending platform
• SBA lending services
• Loan servicing software
• Lender service provider

Headquarters

HQ city

Mechanicsburg

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Platform/SaaS Subscription: Subscription-based pricing for the unified lending platform (LOS). ABA members receive no implementation fees and benefit from per-unit pricing. Platform supports the complete loan lifecycle from origination to servicing.
2. Per-Unit/Transaction Fees: Per-unit pricing model particularly for ABA members, allowing ROI on the first loan processed. Transaction-based fees for loan processing and servicing activities.
3. Professional Services (LSP): Outsourced Lender Service Provider (LSP) support including credit underwriting, SBA underwriting, processing, closing, and SBA servicing. Also includes bank operations outsourcing and call center operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Lenders Cooperative provides a cloud-native, unified loan origination and servicing platform for community banks, credit unions, CDFIs, and fintechs, processing both small-dollar and complex conventional and SBA commercial lending products in one system. The company also offers outsourced professional Lender Service Provider (LSP) capabilities—including credit underwriting, SBA underwriting, processing, closing, servicing, and bank operations support—bundled with the platform.

Differentiator

Problem solved

Functional benefit

Brands

• Allocore: Grant management platform that simplifies monitoring, decision-making, and administration for federal grants for businesses and citizens.
• Momentum

Products and services

• Unified Lending Platform End-to-end loan origination system built by Bankers for Bankers. Supports both small-dollar and larger complex Conventional and SBA lending products in one platform with fifteen vendor integrations for seamless origination.
• Loan Origination (Lending) Modern commercial, small business, and SBA loan origination platform that streamlines every step from digital online application and support documentation intake through loan closing and core integration.
• Loan Servicing Comprehensive post-close loan servicing capabilities ensuring efficient management of payments and supporting the entire loan lifecycle with Stripe-powered ACH integration for payment processing.
• Credit Underwriting Seasoned credit underwriting team supporting all commercial underwriting needs including origination, renewals, and ongoing credit servicing with decades of C&I, CRE, and SBA lending experience.
• SBA LSP Services End-to-end SBA lending support from origination through implementation to servicing. Nationally recognized team with extensive experience in SBA lending industry covering all related products and processes.
• Bank Operations Banking operations professionals providing strategic consulting to fully outsourced solutions, optimizing business processes and leveraging technology to automate manual tasks in lending, deposit, and digital banking operations.
• Call Center Operations White-labeled small business contact center helping lenders support borrowers through the loan application process, capital request structuring, loan product optimization, and counseling on small business matters.
• Risk Operations Platform Centralized fraud and identity verification hub orchestrating best-in-class partners including Socure for KYC, KYB vendors, IRS data validation, and document scanning to mitigate fraud, identity theft, and financial crime.
• Bankers Analytics Business intelligence service built on Amazon QuickSight providing natural language queries of banking data, pipeline reporting, portfolio concentration reporting, customer profitability, and market intelligence.
• Allocore (Grant Management Platform) Grant management platform simplifying monitoring, decision-making, and administration with modular architecture for complex workflows. Cloud-based platform providing application tracking, servicing, and fraud detection for government financial services.

Quantifiable outcome

• Processed 99.8% of SBA 504 loans in 2024
• +1 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability10 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Ventures Lending TechnologiescoreStrategic or Co-development Partner · 13 February 2025Merger with Ventures Lending Technologies completed February 2025, forming single entity. Ventures provided SBA 504 and SBA 7a loan origination and servicing solutions for nearly two decades. Combined platform supports 250+ lending institutions and processed 99.8% of SBA 504 loans in 2024 ($20B+ in projects).
• CSI (Computer Services, Inc.)coreTechnology or Integration · 23 May 2023Successful integration with CSI's cloud-based core processing systems. Delivers seamless data transfer between Lenders Cooperative's LOS and CSI's core system, customer record management, streamlined boarding process, and flexible loan record creation.
• American Bankers Association (ABA)coreGTM or Marketing Partner · 2 October 2022ABA Premier Partner providing exclusive member benefit for ABA members. Lenders Cooperative offers ABA members no implementation fees and per-unit pricing. ABA refers members and provides co-marketing opportunities including webinars and podcast appearances. Company is a longstanding Premier Partner of ABA.
• SocurecoreTechnology or Integration · 15 September 2022Integrated identity verification and fraud prevention platform as part of Risk Operations Platform. Includes Inclusive KYC, Sigma Fraud Suite, and Predictive DocV for document verification. Socure's ML models achieve 98% auto-approval for mainstream customers and 94% for hard-to-identify populations.
• AWS (Amazon Web Services)Technology or IntegrationAWS Partner providing cloud-native infrastructure for the platform. Bankers Analytics built on Amazon QuickSight. Contact center built on Amazon Connect with deep CTI integration.
• FiservcoreTechnology or IntegrationDirect API integration with Fiserv DNA core system enabling elimination of manual data transfer, improved accuracy, and real-time synchronization.
• Jack HenrycoreTechnology or IntegrationDirect API integration with Jack Henry SilverLake core system enabling elimination of manual data transfer and real-time synchronization across technology stack.
• CDC Small Business Finance / Capital Impact PartnersminorStrategic or Co-development PartnerVentures Lending Technologies (now merged) was part of Momentus Capital family. Ellis Carr, President and CEO of CDC Small Business Finance and Capital Impact Partners, commented on the merger as a game-changer for the industry enabling scaling of impact lending.

Scale indicators4 records

Recent moves11 records

Direct peers

• SBA Complete: SBA Complete provides SBA loan origination and processing software and services to lenders, a more narrow but directly competitive SBA-focused LSP/technology peer to Lenders Cooperative's SBA LSP business line.
• nCino: nCino provides a commercial and small business loan origination platform widely adopted by community and regional banks and credit unions. Direct overlap with Lenders Cooperative across C&I, SBA, and commercial lending workflows, though nCino also extends to retail and deposit account opening.
• Abrigo: Abrigo delivers loan origination, loan accounting, and compliance solutions for community financial institutions, directly overlapping with Lenders Cooperative's commercial and SBA lending platform and credit/risk workflows.
• Baker Hill: Baker Hill offers commercial loan origination and portfolio analytics software built for community banks, closely comparable to Lenders Cooperative's core LOS plus Bankers Analytics offering.
• PrecisionLender (Q2): PrecisionLender, a Q2 company, provides commercial banking pricing, profitability, and relationship-management tools, serving the same community/regional bank buyers as Lenders Cooperative's lending platform.
• LoanPro: LoanPro provides modern lending and loan servicing software used by fintechs and specialty lenders, comparable to Lenders Cooperative's origination + servicing + risk operations product stack.

Broad incumbents

• Jack Henry (Lending & Loan Origination): Jack Henry is a major core processor that has a lending suite (including SilverLake) directly integrated with Lenders Cooperative. As an incumbent, it provides competing loan origination capabilities but as part of a broader banking platform offering.
• Fiserv (Fiserv DNA and lending): Fiserv provides DNA core processing and adjacent commercial lending capabilities to thousands of US community banks, making it an incumbent participant in the same buyer base as Lenders Cooperative.
• Temenos (Lending): Temenos is a global banking software provider with commercial lending capabilities; comparable to Lenders Cooperative on loan platform functionality but operates at larger bank and international scale.

Emerging players

• Newgen Software: Newgen provides content and process automation platforms (including loan origination) used by global banks; partial overlap with Lenders Cooperative's automation-first, integrated LOS approach, particularly for larger bank accounts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/LendersCoop
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/lenders-cooperative

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lenders Cooperative