Upstart Referral Network

Expand consumer lending confidently

Personal loans are referred to your institution from consumers who apply at Upstart.com and meet your credit criteria.

With Upstart’s modern, all-digital lending experience, AgFed will be able to meet the expectations and needs of today’s consumer.

Margie Click, CEO

AgFed

Through our strategic partnership with Upstart, Alliant will be able to reach and lend to more creditworthy borrowers nationwide while expanding our membership through a modern, all-digital personal lending experience.

Robert Perrelli, Vice President of Partnership Development

Alliant Credit Union

Start growing and diversifying
your portfolio now

$1M to $50M
Volume per month
12.4%
Gross average return1
60
Days to go live

Grow your loan portfolio

The Upstart Referral Network is powered by Upstart’s AI-powered marketplace, enabling fast, all-digital lending with individual risk-based pricing. Qualified applicants on Upstart.com who meet your credit criteria are presented with your institution’s loan offers that can be originated digitally in minutes using your loan documents. In addition, Upstart identifies your existing customers during the application process to give you an opportunity to present a compelling, personalized offer to deepen your relationships.

How you benefit

Deepen your customer relationships

Deepen your customer relationships

  • Expand lending with your existing, creditworthy customers
  • Increase the lifetime value of your customers
  • Serve your customers, while earning a high return

Gain new customers

Gain new customers

  • Acquire new customers safely
  • Grow your consumer loan portfolio profitability
  • Earn a high yield with predictable risk

Get started quickly

Get started quickly

  • All applicants sourced via Upstart.com
  • 100% digital origination - no disruption to your branch network’s existing processes
  • Upstart can provide servicing and collections – no additional resources needed

Control your lending program

Control your lending program

  • Specify your own credit box, risk tolerance, and geographic focus
  • Monitor loan performance with Upstart’s near real-time performance console
  • Partner with our team of former lending executives to manage your program

See how the Upstart Referral Network can help your:

Enable powerful capabilities

Recognized Customer Personalization

Recognized Customer Personalization

  • Instantly identify your creditworthy customer in the borrower application
  • Credit offers are tailored to your existing customers
  • Available for personal loans with expansion into auto and HELOC loans in the future

LMI Census Tract Lending

LMI Census Tract Lending

  • Approve more LMI borrowers through Upstart's powerful AI credit decisioning model
  • Target specific census tracts to help maintain your CDFI certification
  • Over 28% of Upstart Powered Loans go to LMI communities
Personal Loans

How it works

1

Set your parameters

Set more than 15 criteria including minimum credit score, maximum debt-to-income ratio, loan sizes, geography and more.

2

Reach borrowers

Upstart’s robust marketing engine uses advanced online and offline strategies to drive demand to Upstart.com, presenting your loan offer to your existing customers and new borrowers who fit your risk profile.

3

Present your rate offer in minutes

Your loan offer is presented under your brand.

Mobile-friendly application allows users to finish their application in one sitting.

Upstart’s risk-based AI model individually prices and matches applicants within your credit criteria resulting in higher approvals and lower losses.

4

Approve, verify, and fund

91% of loans fully automated.²

Upstart’s expert staff manage all exception processes for higher-risk applications.

Same day all-digital signature process.

Next-business day loan funding.

5

Cross-sell your other products

Promote your other products at no cost by presenting digital offers to your new customer after the loan is secured.

6

Optimize loan portfolio

Access insightful metrics and make informed portfolio decisions with the Upstart Performance Console.

Adjust your loan volume and lending parameters as your goals or strategy change.

Upstart’s team of former credit union and bank executives can help manage your program.

Request info

Learn how you can grow your consumer lending business by approving more borrowers within your credit policy while providing a modern, digital experience.

1 Program lending parameters are highly configurable and set within the lender’s risk tolerance. Gross Average Return (GAR) is calculated as calculated as APR less expected annualized loss rate. Represents the average GAR received by Upstart lending partners for originations in Q2 2024 using the Upstart Referral Network.

2 As of 7/19/2024. Fully Automated metric is calculated on a quarterly basis. Fully automated loans are defined as loans originated end-to-end (from initial rate request to final funding) with no human involvement.

Upstart Referral Network for Banks

Upstart Referral Network for Credit Unions

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