Digital loan marketplace Community Capital Technology and technology provider Participate have unveiled a strategic partnership to enable financial institutions to manage loan transactions more efficiently.
The two firms have created a scalable platform for banks, credit unions and other lenders to buy, sell, and originate loans with greater speed, efficiency, and transparency, spanning all asset classes and loan types.
Community Capital’s lender network and proprietary deal sourcing platform will be integrated with Participate’s loan trading automation and post-sale servicing capabilities.
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Users will benefit from expanded market access, automated execution and servicing, data-driven decision-making and seamless ecosystem integrations, the firms said.
“Financial institutions today are seeking smarter, more efficient ways to optimise liquidity and risk while keeping their lending pipelines strong,” said Garrett Smith, chief executive of Community Capital. “This partnership with Participate expands the capabilities of our digital marketplace by integrating loan participation automation and servicing, creating a holistic solution for institutions of all sizes. By combining our extensive marketplace with Participate’s automation tools, we are reducing inefficiencies, broadening market reach, and streamlining the entire loan sales process.”
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Matt Johnner, co-founder and president of Participate, added: “Our goal has always been to empower financial institutions with the best tools to efficiently and confidently navigate loan sales.
“With Community Capital’s best-in-class loan marketplace and Participate’s automation capabilities, we are equipping lenders with an innovative, scalable solution to maximise profitability, enhance liquidity, and optimise risk management strategies.”
