1st Safety Financial institution makes use of fintech, LoanStar Applied sciences, to create a extra streamlined expertise for house enchancment contractors and shoppers


MOUNTLAKE TERRACE, Wash., July 27, 2022 /PRNewswire/ — 1st Safety Financial institution (“the Financial institution”) has not too long ago partnered with LoanStar Applied sciences (“LoanStar”) to create an improved mortgage software portal for house enchancment contractors. The portal allows contractors to supply varied financial institution financing choices to shoppers for the acquisition of home windows, roofs, photo voltaic panels and different house enchancment items and providers.

The Financial institution has been offering house enchancment financing to shoppers since 1996 via varied fintech partnerships and continues to work to enhance the lending course of for shoppers and contractors utilizing the newest know-how. LoanStar’s platform, MerchantLinQ®, is flexible and constructed to connect with quite a few third-party distributors permitting the Financial institution to enhance the consumer expertise, create operational effectivity, and scale back threat.

“We see LoanStar as a real know-how accomplice,” stated Ben Crowl, SVP Director of Shopper Lending. “We consider that by leveraging the LoanStar platform, the Financial institution will be capable to broaden our product choices, create a greater consumer expertise for the contractor and client, and enhance the workflows for the patron lending workforce. 

ABOUT LOANSTAR TECHNOLOGIES

LoanStar Applied sciences is a fintech targeted on connecting service suppliers with monetary establishments to produce financing to shoppers for the acquisition of products and providers. MerchantLinQ connects with different fintech and CRM options to offer efficiencies for each the service supplier and monetary establishment. LoanStar is a privately held firm headquartered in Swarthmore, PA.

ABOUT 1ST SECURITY BANK OF WASHINGTON

1st Safety Financial institution of Washington, member FDIC and Equal Housing Lender, offers mortgage and deposit providers to prospects at its twenty-one branches, and mortgage providers at every department in addition to lending places of work within the higher Puget Sound space, Vancouver, and the Tri-Cities. FS Bancorp, Inc., a Washington company, (ticker: FSBW) is the holding firm for the Financial institution.

MEDIA CONTACT

Donna Jacobson 
VP, Director of Advertising and marketing
P: (425) 697-8086 
E: [email protected]

SOURCE 1st Safety Financial institution



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