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

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 residence enchancment contractors. The portal allows contractors to supply varied financial institution financing choices to customers for the acquisition of home windows, roofs, photo voltaic panels and different residence enchancment items and companies.

The Financial institution has been offering residence enchancment financing to customers since 1996 by varied fintech partnerships and continues to work to enhance the lending course of for customers and contractors utilizing the most recent know-how. LoanStar’s platform, MerchantLinQ®, is flexible and constructed to hook up with quite a few third-party distributors permitting the Financial institution to enhance the consumer expertise, create operational effectivity, and cut back danger.

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

ABOUT LOANSTAR TECHNOLOGIES

LoanStar Applied sciences is a fintech centered on connecting service suppliers with monetary establishments to provide financing to customers for the acquisition of products and companies. 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, gives mortgage and deposit companies to clients at its twenty-one branches, and mortgage companies at every department in addition to lending workplaces within the larger 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]

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

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SOURCE 1st Safety Financial institution