Customer Story

Accelerating Service with an Improved Loan Origination Process

Customer Story

Accelerating Service with an Improved Loan Origination Process

Customer Story

Accelerating Service with an Improved Loan Origination Process

Customer Story

Accelerating Service with an Improved Loan Origination Process

Customer Story

Accelerating Service with an Improved Loan Origination Process

Providing lenders and borrowers the best loan origination process is top priority for Lenderfit. When it was time for them to eliminate fillable PDFs from their financial workflows, they turned to Formstack. Flexible and adaptable forms, documents, and electronic signatures enabled them to quickly and completely digitize everything from loan processing and grant applications to emergency COVID-19 relief funds.
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Lenderfit is a cloud-based loan origination software that acts as a real-time shared workspace between lending teams and applicants. Its intuitive and mobile-friendly application portal with CRM-like navigation makes it easy for borrowers and lenders to navigate the loan origination process.
Financial Services
2020
Digital Financial Workflows
Forms, Documents, Sign, Platform
No-Code Integrations, Electronic Signatures, Automated Document Creation
Customer Story

Accelerating Service with an Improved Loan Origination Process

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Customer Story

Accelerating Service with an Improved Loan Origination Process

MIN
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About the Episode
Episode Highlights
Meet our Guest
Episode Transcript

Challenge

David Teliaferro began building Lenderfit in 2018 with the goal to transform the lending process for lenders and customers through technology. As an entrepreneur, he had experienced multiple inefficient loan application processes based on outdated technology, paper, emails, and fillable PDFs. David knew there had to be a better way to perform loan origination.

This inspired him to launch Lenderfit, a commercial lending platform that simplifies and streamlines the way loans are processed by combining the client and customer experience on one platform. As he built out this financial workflow solution, he realized he needed to find a data management system that could easily integrate into his tool. His team needed a secure solution for  customizable forms, automated documents, and accessible eSignatures to replace manual loan processing with a streamlined financial workflow.

Solution

Instead of building their own internal solution, Lendferfit decided to integrate the Formstack Platform into their tool. This saved their internal teams months of development time and minimized cost. Forms, Documents, and Sign all easily integrated into their system, making it look like one complete, secure tool. Formstack’s flexibility and adaptability made it easy for the Lenderfit team to create the workflows needed for all types of loans with features like Conditional Logic, Calculating Fields, File Uploads, and  an open API.

With Formstack’s powerful data collection and management tools added into their system, many clients were able to manage 10x their normal application volume. Lenderfit now uses the Formstack Platform to manage:

  • SBA Loans
  • COVID-19 Relief Funds
  • Financial Education Workflows
  • Grant Distribution
  • Commercial Loan Applications
  • Post-Loan Follow-Up

Results

Directly integrated Formstack within their system in under six weeks

Enabled lenders to take on up to 10x the amount of applicants and borrowers

Improved data capture and the client experience by eliminating all fillable PDFs

Streamlined the loan process from application to approval with a seamless and secure workflow

Launched fully customized, digital loan applications for clients in under three days

Increased the speed of loan origination for lenders and approval time for applicants

Customer Story

Accelerating Service with an Improved Loan Origination Process

Customer Story

Accelerating Service with an Improved Loan Origination Process

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Customer Story

Accelerating Service with an Improved Loan Origination Process

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Challenge

David Teliaferro began building Lenderfit in 2018 with the goal to transform the lending process for lenders and customers through technology. As an entrepreneur, he had experienced multiple inefficient loan application processes based on outdated technology, paper, emails, and fillable PDFs. David knew there had to be a better way to perform loan origination.

This inspired him to launch Lenderfit, a commercial lending platform that simplifies and streamlines the way loans are processed by combining the client and customer experience on one platform. As he built out this financial workflow solution, he realized he needed to find a data management system that could easily integrate into his tool. His team needed a secure solution for  customizable forms, automated documents, and accessible eSignatures to replace manual loan processing with a streamlined financial workflow.

Solution

Instead of building their own internal solution, Lendferfit decided to integrate the Formstack Platform into their tool. This saved their internal teams months of development time and minimized cost. Forms, Documents, and Sign all easily integrated into their system, making it look like one complete, secure tool. Formstack’s flexibility and adaptability made it easy for the Lenderfit team to create the workflows needed for all types of loans with features like Conditional Logic, Calculating Fields, File Uploads, and  an open API.

With Formstack’s powerful data collection and management tools added into their system, many clients were able to manage 10x their normal application volume. Lenderfit now uses the Formstack Platform to manage:

  • SBA Loans
  • COVID-19 Relief Funds
  • Financial Education Workflows
  • Grant Distribution
  • Commercial Loan Applications
  • Post-Loan Follow-Up

Results

Directly integrated Formstack within their system in under six weeks

Enabled lenders to take on up to 10x the amount of applicants and borrowers

Improved data capture and the client experience by eliminating all fillable PDFs

Streamlined the loan process from application to approval with a seamless and secure workflow

Launched fully customized, digital loan applications for clients in under three days

Increased the speed of loan origination for lenders and approval time for applicants

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Infographic

Accelerating Service with an Improved Loan Origination Process

Learn how Lenderfit streamlined their loan origination process with Formstack. Read this case study now!
Download InfographicDownload Infographic

Challenge

David Teliaferro began building Lenderfit in 2018 with the goal to transform the lending process for lenders and customers through technology. As an entrepreneur, he had experienced multiple inefficient loan application processes based on outdated technology, paper, emails, and fillable PDFs. David knew there had to be a better way to perform loan origination.

This inspired him to launch Lenderfit, a commercial lending platform that simplifies and streamlines the way loans are processed by combining the client and customer experience on one platform. As he built out this financial workflow solution, he realized he needed to find a data management system that could easily integrate into his tool. His team needed a secure solution for  customizable forms, automated documents, and accessible eSignatures to replace manual loan processing with a streamlined financial workflow.

Solution

Instead of building their own internal solution, Lendferfit decided to integrate the Formstack Platform into their tool. This saved their internal teams months of development time and minimized cost. Forms, Documents, and Sign all easily integrated into their system, making it look like one complete, secure tool. Formstack’s flexibility and adaptability made it easy for the Lenderfit team to create the workflows needed for all types of loans with features like Conditional Logic, Calculating Fields, File Uploads, and  an open API.

With Formstack’s powerful data collection and management tools added into their system, many clients were able to manage 10x their normal application volume. Lenderfit now uses the Formstack Platform to manage:

  • SBA Loans
  • COVID-19 Relief Funds
  • Financial Education Workflows
  • Grant Distribution
  • Commercial Loan Applications
  • Post-Loan Follow-Up

Results

Directly integrated Formstack within their system in under six weeks

Enabled lenders to take on up to 10x the amount of applicants and borrowers

Improved data capture and the client experience by eliminating all fillable PDFs

Streamlined the loan process from application to approval with a seamless and secure workflow

Launched fully customized, digital loan applications for clients in under three days

Increased the speed of loan origination for lenders and approval time for applicants

Challenge

David Teliaferro began building Lenderfit in 2018 with the goal to transform the lending process for lenders and customers through technology. As an entrepreneur, he had experienced multiple inefficient loan application processes based on outdated technology, paper, emails, and fillable PDFs. David knew there had to be a better way to perform loan origination.

This inspired him to launch Lenderfit, a commercial lending platform that simplifies and streamlines the way loans are processed by combining the client and customer experience on one platform. As he built out this financial workflow solution, he realized he needed to find a data management system that could easily integrate into his tool. His team needed a secure solution for  customizable forms, automated documents, and accessible eSignatures to replace manual loan processing with a streamlined financial workflow.

Solution

Instead of building their own internal solution, Lendferfit decided to integrate the Formstack Platform into their tool. This saved their internal teams months of development time and minimized cost. Forms, Documents, and Sign all easily integrated into their system, making it look like one complete, secure tool. Formstack’s flexibility and adaptability made it easy for the Lenderfit team to create the workflows needed for all types of loans with features like Conditional Logic, Calculating Fields, File Uploads, and  an open API.

With Formstack’s powerful data collection and management tools added into their system, many clients were able to manage 10x their normal application volume. Lenderfit now uses the Formstack Platform to manage:

  • SBA Loans
  • COVID-19 Relief Funds
  • Financial Education Workflows
  • Grant Distribution
  • Commercial Loan Applications
  • Post-Loan Follow-Up

Results

Directly integrated Formstack within their system in under six weeks

Enabled lenders to take on up to 10x the amount of applicants and borrowers

Improved data capture and the client experience by eliminating all fillable PDFs

Streamlined the loan process from application to approval with a seamless and secure workflow

Launched fully customized, digital loan applications for clients in under three days

Increased the speed of loan origination for lenders and approval time for applicants

Collecting payments with online forms is easy, but first, you have to choose the right payment gateway. Browse the providers in our gateway credit card processing comparison chart to find the best option for your business. Then sign up for Formstack Forms, customize your payment forms, and start collecting profits in minutes.

Online Payment Gateway Comparison Chart

NOTE: These amounts reflect the monthly subscription for the payment provider. Formstack does not charge a fee to integrate with any of our payment partners.

FEATURES
Authorize.Net
Bambora
Chargify
First Data
PayPal
PayPal Pro
PayPal Payflow
Stripe
WePay
ProPay
Monthly Fees
$25
$25
$149+
Contact First Data
$0
$25
$0-$25
$0
$0
$4
Transaction Fees
$2.9% + 30¢
$2.9% + 30¢
N/A
Contact First Data
$2.9% + 30¢
$2.9% + 30¢
10¢
$2.9% + 30¢
$2.9% + 30¢
$2.6% + 30¢
Countries
5
8
Based on payment gateway
50+
203
3
4
25
USA
USA
Currencies
11
2
23
140
25
23
25
135+
1
1
Card Types
6
13
Based on payment gateway
5
9
9
5
6
4
4
Limits
None
None
Based on payment gateway
None
$10,000
None
None
None
None
$500 per transaction
Form Payments
Recurring Billing
Mobile Payments
PSD2 Compliant

Challenge

David Teliaferro began building Lenderfit in 2018 with the goal to transform the lending process for lenders and customers through technology. As an entrepreneur, he had experienced multiple inefficient loan application processes based on outdated technology, paper, emails, and fillable PDFs. David knew there had to be a better way to perform loan origination.

This inspired him to launch Lenderfit, a commercial lending platform that simplifies and streamlines the way loans are processed by combining the client and customer experience on one platform. As he built out this financial workflow solution, he realized he needed to find a data management system that could easily integrate into his tool. His team needed a secure solution for  customizable forms, automated documents, and accessible eSignatures to replace manual loan processing with a streamlined financial workflow.

Solution

Instead of building their own internal solution, Lendferfit decided to integrate the Formstack Platform into their tool. This saved their internal teams months of development time and minimized cost. Forms, Documents, and Sign all easily integrated into their system, making it look like one complete, secure tool. Formstack’s flexibility and adaptability made it easy for the Lenderfit team to create the workflows needed for all types of loans with features like Conditional Logic, Calculating Fields, File Uploads, and  an open API.

With Formstack’s powerful data collection and management tools added into their system, many clients were able to manage 10x their normal application volume. Lenderfit now uses the Formstack Platform to manage:

  • SBA Loans
  • COVID-19 Relief Funds
  • Financial Education Workflows
  • Grant Distribution
  • Commercial Loan Applications
  • Post-Loan Follow-Up

Results

Directly integrated Formstack within their system in under six weeks

Enabled lenders to take on up to 10x the amount of applicants and borrowers

Improved data capture and the client experience by eliminating all fillable PDFs

Streamlined the loan process from application to approval with a seamless and secure workflow

Launched fully customized, digital loan applications for clients in under three days

Increased the speed of loan origination for lenders and approval time for applicants

Challenge

David Teliaferro began building Lenderfit in 2018 with the goal to transform the lending process for lenders and customers through technology. As an entrepreneur, he had experienced multiple inefficient loan application processes based on outdated technology, paper, emails, and fillable PDFs. David knew there had to be a better way to perform loan origination.

This inspired him to launch Lenderfit, a commercial lending platform that simplifies and streamlines the way loans are processed by combining the client and customer experience on one platform. As he built out this financial workflow solution, he realized he needed to find a data management system that could easily integrate into his tool. His team needed a secure solution for  customizable forms, automated documents, and accessible eSignatures to replace manual loan processing with a streamlined financial workflow.

Solution

Instead of building their own internal solution, Lendferfit decided to integrate the Formstack Platform into their tool. This saved their internal teams months of development time and minimized cost. Forms, Documents, and Sign all easily integrated into their system, making it look like one complete, secure tool. Formstack’s flexibility and adaptability made it easy for the Lenderfit team to create the workflows needed for all types of loans with features like Conditional Logic, Calculating Fields, File Uploads, and  an open API.

With Formstack’s powerful data collection and management tools added into their system, many clients were able to manage 10x their normal application volume. Lenderfit now uses the Formstack Platform to manage:

  • SBA Loans
  • COVID-19 Relief Funds
  • Financial Education Workflows
  • Grant Distribution
  • Commercial Loan Applications
  • Post-Loan Follow-Up

Results

Directly integrated Formstack within their system in under six weeks

Enabled lenders to take on up to 10x the amount of applicants and borrowers

Improved data capture and the client experience by eliminating all fillable PDFs

Streamlined the loan process from application to approval with a seamless and secure workflow

Launched fully customized, digital loan applications for clients in under three days

Increased the speed of loan origination for lenders and approval time for applicants

Challenge

David Teliaferro began building Lenderfit in 2018 with the goal to transform the lending process for lenders and customers through technology. As an entrepreneur, he had experienced multiple inefficient loan application processes based on outdated technology, paper, emails, and fillable PDFs. David knew there had to be a better way to perform loan origination.

This inspired him to launch Lenderfit, a commercial lending platform that simplifies and streamlines the way loans are processed by combining the client and customer experience on one platform. As he built out this financial workflow solution, he realized he needed to find a data management system that could easily integrate into his tool. His team needed a secure solution for  customizable forms, automated documents, and accessible eSignatures to replace manual loan processing with a streamlined financial workflow.

Solution

Instead of building their own internal solution, Lendferfit decided to integrate the Formstack Platform into their tool. This saved their internal teams months of development time and minimized cost. Forms, Documents, and Sign all easily integrated into their system, making it look like one complete, secure tool. Formstack’s flexibility and adaptability made it easy for the Lenderfit team to create the workflows needed for all types of loans with features like Conditional Logic, Calculating Fields, File Uploads, and  an open API.

With Formstack’s powerful data collection and management tools added into their system, many clients were able to manage 10x their normal application volume. Lenderfit now uses the Formstack Platform to manage:

  • SBA Loans
  • COVID-19 Relief Funds
  • Financial Education Workflows
  • Grant Distribution
  • Commercial Loan Applications
  • Post-Loan Follow-Up

Results

Directly integrated Formstack within their system in under six weeks

Enabled lenders to take on up to 10x the amount of applicants and borrowers

Improved data capture and the client experience by eliminating all fillable PDFs

Streamlined the loan process from application to approval with a seamless and secure workflow

Launched fully customized, digital loan applications for clients in under three days

Increased the speed of loan origination for lenders and approval time for applicants

Challenge

David Teliaferro began building Lenderfit in 2018 with the goal to transform the lending process for lenders and customers through technology. As an entrepreneur, he had experienced multiple inefficient loan application processes based on outdated technology, paper, emails, and fillable PDFs. David knew there had to be a better way to perform loan origination.

This inspired him to launch Lenderfit, a commercial lending platform that simplifies and streamlines the way loans are processed by combining the client and customer experience on one platform. As he built out this financial workflow solution, he realized he needed to find a data management system that could easily integrate into his tool. His team needed a secure solution for  customizable forms, automated documents, and accessible eSignatures to replace manual loan processing with a streamlined financial workflow.

Solution

Instead of building their own internal solution, Lendferfit decided to integrate the Formstack Platform into their tool. This saved their internal teams months of development time and minimized cost. Forms, Documents, and Sign all easily integrated into their system, making it look like one complete, secure tool. Formstack’s flexibility and adaptability made it easy for the Lenderfit team to create the workflows needed for all types of loans with features like Conditional Logic, Calculating Fields, File Uploads, and  an open API.

With Formstack’s powerful data collection and management tools added into their system, many clients were able to manage 10x their normal application volume. Lenderfit now uses the Formstack Platform to manage:

  • SBA Loans
  • COVID-19 Relief Funds
  • Financial Education Workflows
  • Grant Distribution
  • Commercial Loan Applications
  • Post-Loan Follow-Up

Results

Directly integrated Formstack within their system in under six weeks

Enabled lenders to take on up to 10x the amount of applicants and borrowers

Improved data capture and the client experience by eliminating all fillable PDFs

Streamlined the loan process from application to approval with a seamless and secure workflow

Launched fully customized, digital loan applications for clients in under three days

Increased the speed of loan origination for lenders and approval time for applicants

Challenge

David Teliaferro began building Lenderfit in 2018 with the goal to transform the lending process for lenders and customers through technology. As an entrepreneur, he had experienced multiple inefficient loan application processes based on outdated technology, paper, emails, and fillable PDFs. David knew there had to be a better way to perform loan origination.

This inspired him to launch Lenderfit, a commercial lending platform that simplifies and streamlines the way loans are processed by combining the client and customer experience on one platform. As he built out this financial workflow solution, he realized he needed to find a data management system that could easily integrate into his tool. His team needed a secure solution for  customizable forms, automated documents, and accessible eSignatures to replace manual loan processing with a streamlined financial workflow.

Solution

Instead of building their own internal solution, Lendferfit decided to integrate the Formstack Platform into their tool. This saved their internal teams months of development time and minimized cost. Forms, Documents, and Sign all easily integrated into their system, making it look like one complete, secure tool. Formstack’s flexibility and adaptability made it easy for the Lenderfit team to create the workflows needed for all types of loans with features like Conditional Logic, Calculating Fields, File Uploads, and  an open API.

With Formstack’s powerful data collection and management tools added into their system, many clients were able to manage 10x their normal application volume. Lenderfit now uses the Formstack Platform to manage:

  • SBA Loans
  • COVID-19 Relief Funds
  • Financial Education Workflows
  • Grant Distribution
  • Commercial Loan Applications
  • Post-Loan Follow-Up

Results

Directly integrated Formstack within their system in under six weeks

Enabled lenders to take on up to 10x the amount of applicants and borrowers

Improved data capture and the client experience by eliminating all fillable PDFs

Streamlined the loan process from application to approval with a seamless and secure workflow

Launched fully customized, digital loan applications for clients in under three days

Increased the speed of loan origination for lenders and approval time for applicants

Using Formstack was one of the best decisions we made this year. It’s flexible and adaptable, allowing you to achieve more with your data. It’s an incredibly powerful tool that can help you do so much more than what you're imagining.
David Taliaferro
Co-founder & CEO
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