Case Study: LendingPoint achieves 90-day market launch and 350,000+ monthly loan applications with Q2 Software's Cloud Lending

LendingPoint launches fast with Cloud Lending

LendingPoint, a U.S. online and point-of-sale lender, needed a scalable, secure, 100% cloud-based loan platform to accelerate growth, improve customer experience, and move beyond traditional FICO-only underwriting. The leadership team required rapid time-to-market, 24x7 availability, and access to skilled engineering resources to reduce loan approval and funding times and enter new markets competitively.

Cloud Lending, built natively on Salesforce, delivered a highly configurable end-to-end loan management solution in 90 days using an agile, iterative approach and continues to provide 24x7 support and enhancements. The deployment cut an anticipated six–12 month build to under three months, enabled fast market entry, and helped LendingPoint scale to processing 350,000+ applications per month and funding over $500 million.

LendingPoint

Franck Fatras

Co-Founder and CTO