Rate Reset & LoanStreet Partner to Provide Liquidity for Rate Reset Loans

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Partnership Will Provide Credit Unions with Liquidity for Rate Reset Loans

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"We are excited about our partnership with Rate Reset", said Ian Lampl, CEO of LoanStreet.  "Together, we can help our mutual clients access liquidity, manage their balance sheet, and maximize their interest and non-interest income."

Rate Reset, the provider of Loan Reset, Acquisition and Retention Software, and LoanStreet LLC (LoanStreet), the innovative loan participation platform that enables credit unions of all sizes to cost-effectively participate loans in a regulatory-compliant manner, today announced the two companies are partnering to provide credit unions the opportunity to participate their Rate Reset loans with other credit unions. This partnership will create greater liquidity for selling credit unions and generate new opportunities for buyers to take advantage of the higher yields provided by Rate Reset’s technology.

LoanStreet provides a unique loan participation platform that automates and standardizes the purchase, sale and management of loan participations over the life of a loan.  By leveraging LoanStreet’s technology, credit unions can maximize income generated from participations without incurring any additional administrative expense.  The partnership allows Rate Reset to provide its credit union customers an outlet for the Rate Reset loans should they need liquidity, as well as allow other credit unions new opportunities to purchase Rate Reset loans and benefit from their greater yields.

"We are excited about our partnership with Rate Reset", said Ian Lampl, CEO of LoanStreet.  "Together, we can help our mutual clients access liquidity, manage their balance sheet, and maximize their interest and non-interest income."

“Credit unions use participations loans as a source of alternative funds for lending” said Keith Kelly, co-founder and CEO of Rate Reset. “Partnering with LoanStreet, with their loan participation platform, provides a marketplace for our loan products and gives our customers the option to sell their Rate Reset loans should they need liquidity. We are delighted with this new development.”

About LoanStreet LLC:
LoanStreet LLC is an innovative loan participation platform that enables credit unions of all sizes to cost-effectively participate loans in a regulatory-compliant manner.  LoanStreet was co-founded by Ian Lampl, former Deputy Chief Counsel for TARP, following the financial crisis to meet the acute need he saw for a standardized and automated loan participation platform.  LoanStreet has partnered with corporate credit unions and a number of other credit union associations to bring an industry-wide, automated loan participation solution for all credit unions.  For more information or to join the LoanStreet network of credit unions, please visit http://www.loan-street.com or email info(at)loan-street(dot)com.

About Rate Reset:
Winner of the 2016 NACUSO Next Big Idea Award, and named by American Banker’s Bank Technology News (BTN) as "One of the Top Ten Technology Companies" to watch, Rate Reset provides innovative Loan Acquisition, Retention and Reset Software (LRS™) to banks, credit unions and mortgage companies. The company’s software provides a borrower-initiated interest rate-resetting loan feature that is an alternative to the traditional refinance for both mortgages and auto loans. For more information on Rate Reset visit http://www.RateReset.com.

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Keith Kelly
Rate Reset
+1 (703) 926-8626
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Ian Lampl
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