UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 1, 2022
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation or organization)
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(Commission file number)
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(I.R.S. employer identification no.)
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(Address of principal executive offices)
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(Zip code)
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Registrant’s telephone number, including area code: (801 ) 501-7200
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of exchange on which registered
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| Item 7.01 |
Regulation FD Disclosure.
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FinWise Bancorp has prepared materials for investors and other business information. The materials are furnished (not filed) as Exhibit
99.1 to this Current Report on Form 8-K pursuant to Regulation FD.
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Financial Statements and Exhibits.
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Exhibits
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Exhibit No.
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Description
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Investor Presentation of FinWise Bancorp (furnished pursuant to Regulation FD).
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, FinWise Bancorp has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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DATE: August 1, 2022
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FINWISE BANCORP
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/s/ Javvis Jacobson
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Name: Javvis Jacobson
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Title: Chief Financial Officer and Executive Vice President
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Exhibit 99.1
INVESTOR PRESENTATION AUGUST 2022
Disclaimer 2 "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This
presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the current views of FinWise Bancorp (“FinWise,”
“we,” “us,” or the “Company”) with respect to, among other things, future events and its financial performance. These statements are often, but not always, made through the use of words or phrases such as “may,” “might,” “should,” “could,”
“predict,” “potential,” “believe,” “will likely result,” “expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “project,” “projection,” “forecast,” “budget,” “goal,” “target,” “would,” “aim” and “outlook,” or the
negative version of those words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about the
Company’s industry and management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond the Company’s control. The inclusion of these forward-looking statements should not be
regarded as a representation by the Company or any other person that such expectations, estimates and projections will be achieved. Accordingly, the Company cautions you that any such forward-looking statements are not guarantees of future
performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual
results may prove to be materially different from the results expressed or implied by the forward-looking statements. There are or will be important factors that could cause the Company’s actual results to differ materially from those
indicated in these forward-looking statements, including, but not limited to, the following: (a) conditions relating to the Covid-19 pandemic, including the severity and duration of the associated economic slowdown either nationally or in the
Company’s market areas, and the response of governmental authorities to the Covid-19 pandemic and the Company’s participation in Covid-19-related government programs such as the PPP; (b) system failure or cybersecurity breaches of the Company’s
network security; (c) the success of the financial technology industry, the development and acceptance of which is subject to a high degree of uncertainty, as well as the continued evolution of the regulation of this industry; (d) the Company’s
ability to keep pace with rapid technological changes in the industry or implement new technology effectively; (e) the Company’s reliance on third-party service providers for core systems support, informational website hosting, internet
services, online account opening and other processing services; (f) general economic conditions, either nationally or in the Company’s market areas (including interest rate environment, government economic and monetary policies, the strength of
global financial markets and inflation and deflation), that impact the financial services industry and/or the Company’s business; (g) increased competition in the financial services industry, particularly from regional and national institutions
and other companies that offer banking services; (h) the Company’s ability to measure and manage its credit risk effectively and the potential deterioration of the business and economic conditions in the Company’s primary market areas; (i) the
adequacy of the Company’s risk management framework; (j) the adequacy of the Company’s allowance for loan losses; (k) the financial soundness of other financial institutions; (l) new lines of business or new products and services; (m) changes
in SBA rules, regulations and loan products, including specifically the Section 7(a) program, changes in SBA standard operating procedures or changes to the status of the Bank as an SBA Preferred Lender; (n) changes in the value of collateral
securing the Company’s loans; (o) possible increases in the Company’s levels of nonperforming assets; (p) potential losses from loan defaults and nonperformance on loans; (q) the Company’s ability to protect its intellectual property and the
risks it faces with respect to claims and litigation initiated against the Company; (r) the inability of small- and medium-sized businesses to whom the Company lends to weather adverse business conditions and repay loans; (s) the Company’s
ability to implement aspects of its growth strategy and to sustain its historic rate of growth; (t) the Company’s ability to continue to originate, sell and retain loans, including through its Strategic Programs; (u) the concentration of the
Company’s lending and depositor relationships through Strategic Programs in the financial technology industry generally; (v) the Company’s ability to attract additional merchants and retain and grow its existing merchant relationships; (w)
interest rate risk associated with the Company’s business, including sensitivity of its interest earning assets and interest-bearing liabilities to interest rates, and the impact to its earnings from changes in interest rates; (x) the
effectiveness of the Company’s internal control over financial reporting and its ability to remediate any future material weakness in its internal control over financial reporting; (y) potential exposure to fraud, negligence, computer theft and
cyber-crime and other disruptions in the Company’s computer systems relating to its development and use of new technology platforms; (z) the Company’s dependence on its management team and changes in management composition; (aa) the sufficiency
of the Company’s capital, including sources of capital and the extent to which it may be required to raise additional capital to meet its goals; (bb) compliance with laws and regulations, supervisory actions, the Dodd-Frank Act, the Regulatory
Relief Act, capital requirements, the Bank Secrecy Act, anti-money laundering laws, predatory lending laws, and other statutes and regulations; (cc) changes in the laws, rules, regulations, interpretations or policies relating to financial
institutions, accounting, tax, trade, monetary and fiscal matters; (dd) the Company’s ability to maintain a strong core deposit base or other low-cost funding sources; (ee) results of examinations of the Company by the Company’s regulators,
including the possibility that its regulators may, among other things, require the Company to increase its allowance for loan losses or to write-down assets; (ff) the Company’s involvement from time to time in legal proceedings, examinations
and remedial actions by regulators; (gg) further government intervention in the U.S. financial system; (hh) the ability of the Company’s Strategic Program service providers to comply with regulatory regimes, including laws and regulations
applicable to consumer credit transactions, and the Company’s ability to adequately oversee and monitor its Strategic Program service providers; (ii) the Company’s ability to maintain and grow its relationships with its Strategic Program
service providers; (jj) natural disasters and adverse weather, acts of terrorism, pandemics, an outbreak of hostilities or other international or domestic calamities, and other matters beyond the Company’s control; (kk) future equity and debt
issuances; and (ll) other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K for the year ended December 31, 2021 and subsequent
reports on Form 10-Q and Form 8-K.
Disclaimer 3 Market and industry data This presentation includes estimates regarding market and
industry data. Unless otherwise indicated, information concerning our industry and the markets in which we operate, including our general expectations, market position, market opportunity, and market size, are based on our management’s
knowledge and experience in the markets in which we operate, together with currently available information obtained from various sources, including publicly available information, industry reports and publications, surveys, our clients, trade
and business organizations and other contacts in the markets in which we operate. Certain information is based on management estimates, which have been derived from third-party sources, as well as data from our internal research. In presenting
this information, we have made certain assumptions that we believe to be reasonable based on such data and other similar sources and on our knowledge of, and our experience to date in, the markets in which we operate. While we believe the
estimated market and industry data included in this presentation are generally reliable, such information, which is derived in part from management’s estimates and beliefs, is inherently uncertain and imprecise. Non-GAAP financial
measures Some of the financial measures included in this presentation are not measures of financial performance recognized by generally accepted accounting principles in the United States (“GAAP”). These non-GAAP financial measures are
“tangible shareholders’ equity,” “tangible book value per share,” and “efficiency ratio.” Our management uses these non-GAAP financial measures in its analysis of our performance. We believe these non-GAAP financial measures provide useful
information to management and investors that is supplementary to our financial condition, results of operations and cash flows computed in accordance with GAAP; however, we acknowledge that our non-GAAP financial measures have a number of
limitations. As such, you should not view these measures as a substitute for results determined in accordance with GAAP, and they are not necessarily comparable to non-GAAP financial measures that other companies use. A reconciliation of such
non-GAAP financial measures to the most closely related GAAP financial measures is included in the Appendix to this presentation. Trademarks “FinWise” and its logos and other trademarks referred to and included in this presentation belong to
us. Solely for convenience, we refer to our trademarks in this presentation without the ® or the ™ or symbols, but such references are not intended to indicate that we will not fully assert under applicable law our trademark rights. Other
service marks, trademarks and trade names referred to in this presentation, if any, are the property of their respective owners, although for presentational convenience we may not use the ® or the ™ symbols to identify such trademarks.
LEADERSHIP TEAM 4 Over 120 Years of Combined Banking Experience Michael O’Brien CCO / CRO / EVP
Javvis Jacobson CFO / EVP Mr. Jacobson joined the Bank in March 2015 as the Executive Vice President and Chief Financial Officer. Mr. Jacobson has over 20 years of financial services experience, including at Deloitte, where he served for
several years managing audits of financial institutions. Mr. Jacobson also served for several years as the Chief Financial Officer of Beehive Credit Union. Dawn Cannon COO / EVP Ms. Cannon joined the Bank in March 2020 as the Senior
Operating Officer and was named Executive Vice President and Chief Operating Officer in July 2020. Ms. Cannon has over 20 years of banking experience, including serving as the Executive Vice President of Operations of EnerBank, an industrial
bank that focused on lending programs similar to our POS lending program, where she was instrumental in building it from 23 to 285 full time employees and from $10 million to $1.4 billion in total assets. Mr. O’Brien joined the Bank in
September 2021 as Executive Vice President, Chief Compliance and Risk Officer and Corporate Counsel. Mr. O’Brien has over 20 years of legal, compliance and risk management experience in financial services. Mr. O’Brien also previously served as
Chief Compliance Officer of EnerBank USA, a Utah industrial bank. He is currently licensed to practice law in Utah and Washington, D.C. Kent Landvatter CEO / President Mr. Landvatter joined FinWise and its wholly-owned Utah
state-chartered banking subsidiary, FinWise Bank (the “Bank”), in September 2010 as the President and Chief Executive Officer. Mr. Landvatter has over 40 years of financial services and banking experience, including experience with distressed
banks and serving as the president of two de novo banks, Comenity Capital Bank and Goldman Sachs Bank, USA. Jim Noone CCO / EVP Mr. Noone joined the Bank in February 2018 and was named Executive Vice President and Chief Credit Officer in
June 2018. Mr. Noone has 20 years of financial services experience including commercial and investment banking as well as private equity. Prior to joining the Bank, Mr. Noone served as Executive Vice President of Prudent Lenders, an SBA service
provider from 2012 to 2018.
Key Investment Highlights 5 Disciplined underwriting and compliance infrastructure Highly-profitable
fintech lending model with compelling growth rates Proprietary FinView™ Analytics Platform developed to enhance the gathering and interpretation of customer performance data Diverse, scalable revenue stream in business lines with attractive
market opportunities Historically stable, relatively low-cost core deposits positioned to fund future growth Seasoned management team with a proven track record Unique bank that closely integrates with fintech lending platforms
Exceptionally Profitable Growth 6 Total assets as of December 31, 2020, December 31, 2021, and June 30, 2022, include
approximately $107.1 million, $1.1 million, and $0.7 million in PPP loans, respectively Note: Annual period financial data represents the annual period ending December 31; we calculate our average equity for a year by dividing the sum of
our total shareholder’s equity balance as of the beginning of the relevant year and at the end of the relevant year and dividing by two. Year-to-date financial data represents the six month period ended June 30, 2022. We calculate our
average equity for a given reporting period by dividing (a) the sum of our total shareholder’s equity balance as of the close of business (i) at the beginning of the relevant reporting period and (ii) at the ending of the relevant
reporting period, by (b) two. As of or for the six months ended June 30, 2022 Financial Highlights1 Total Assets: Net Income: ROAE: ROAA: $366.0M $14.9M 24.3% 8.0%
Line of Business 2Q ‘22 Gross Revenue Contribution Balance Sheet Strategy Strategic
Programs 77.2% Strategic Program must have a reserve deposit account Mostly originate to sell Selective increase in HFI is part of long-term strategy SBA 7(a) Lending 20.5% Sell guaranteed portion at a premium Expand SBA relationships
to grow deposits and POS financing Residential and Commercial Real Estate Lending 3.2% Originate for investment POS Lending Program 0.4% Originate for investment Diverse Business Lines and Revenue Streams Note: Financial data is as of
or for the quarter ending June 30, 2022. “Other”, “Change in Fair Value on investment in BFG”, and “SBA PPP” revenue not included in Revenue Contribution Breakdown.
Total Loan Portfolio Breakdown as of June 30, 2022 Loans guaranteed by the SBA include
$0.7 million in PPP loans as of June 30, 2022 8 $232.1M Guaranteed by the SBA and Strategic Program HFS 33.7% Rates Above 36% Rates Below 36%
Top-Tier Profitability Note: According to the FDIC website, the data for all US Banks represents 5,177, 5,001, and 4,839 banks for 2019, 2020, and 2021,
respectively. Annual period financial data represents the annual period ending December 31. Year-to-date financial data is as of or for the six-month period ending June 30, 2022. For ROAE and ROAA, we calculate our average assets and average
equity for a given period by dividing the sum of our total asset balance or total shareholder’s equity balance, as the case may be, as of the beginning of the relevant period and at the end of the relevant period, and dividing by two Return
on Average Equity Return on Average Assets 9
Profitability Metrics Compare Favorably to All US
Banks Note: “Efficiency ratio” is defined as total noninterest expense divided by the sum of net interest income and noninterest income. We believe this measure is important as an indicator of productivity because it shows the amount of
revenue generated for each dollar spent. Please see Appendix for non-GAAP to GAAP reconciliations. For Noninterest Income to Average Assets ratio, we calculate our average assets for a given period by dividing the sum of our total asset balance
as of the beginning of the relevant period and at the end of the relevant period and dividing by two. According to the FDIC website, the data for all US Banks represents 5,177, 5,001, and 4,839 banks for 2019, 2020, and 2021, respectively.
Annual period financial data represents the annual period ending December 31. Year-to-date financial data is as of or for the six-month period ending June 30, 2022. Efficiency Ratio (Non-GAAP) Net Interest Margin 10 Noninterest Income to
Average Assets
Uniquely Positioned for Significant Growth and Profitability Competitive
Landscape 11 Branch-Lite P O P Low-Cost Funding P P O Tech-Driven Banking Solutions P O O Proprietary Data Analytics Platform P O O Robust Underwriting & Risk Management P P O Capital Efficient Business
Model P O P Nationwide Lending Platform P O P Diversified Loan Portfolio / Revenue Streams P O P Flexible and Cutting-Edge API P O O Traditional Banks Nonbank Financial Services
Retained Loan Portfolio Overview Note: 2Q ‘22 financial data is as of or for the three-month period
ending June 30, 2022. Loans Guaranteed by the SBA include $0.7 million of PPP loans as of June 30, 2022. 12 2Q ‘22 Loan Originations Loan Portfolio as of June 30, 2022 $232.1M
Loan volume generated by origination service providers Strategic Program service providers serve as
sub-servicers and perform typical primary servicing duties Each Strategic Program establishes a “reserve” deposit account with FinWise Extensive onboarding process and ongoing due diligence to confirm service providers adherence to compliance
standards STRATEGIC PROGRAMS - UNIQUE AND DIFFERENTIATED BUSINESS MODEL SETS FINWISE APART Note: Q2 ‘21 financial data is as of or for the three-month period ending June 30, 2021; Q1 ‘22 financial data is as of or for the three-month period
ending March 31, 2022; Q2 ‘22 financial data is as of or for the three-month period ending June 30, 2022 Historical Strategic Program Fees 2Q ‘22 Strategic Program Loans on Balance Sheet Revenue Model / Opportunities Business Line
Differentiators 13 $59.1M Interest Income HFS Interest Income HFI Minimum program fees Other Fees
Strategy Leverages Unique Position as Originating Bank 14 Scalable Lending Partner Strategy Supports
Risk Diversification and Profitability Diverse Strategic Service Providers Informs Strategy Prime Consumer Programs Subprime Consumer Programs Commercial Programs Future Deposit Programs DEVELOP through other Channels Originate and
RETAIN Originate and SELL Assets Proprietary FinViewTM Analytic Platform
15 2x x Time on Books (months) by Vintage Data Informs Our Retention Decisions Case Study –
Cumulative charge-off curve by programs
SBA 7(a) Lending Overview Note: Q2 ‘21 financial data is as of or for the three-month period ending June
30, 2021; Q1 ‘22 financial data is as of or for the three-month period ending March 31, 2022; Q2 ‘22 financial data is as of or for the three-month period ending June 30, 2022 Gain on Sale of Loans and SBA Loan Servicing Fees Revenue Model /
Opportunities Business Line Differentiators 16 Sell SBA guaranteed portions at premiums Retain all servicing rights and the unguaranteed portion Potential to cross-sell SBA customers Active participant in the PPP in 2020 (99% forgiven
as of 2Q ‘22) Experienced management team Ability to analyze loan performance data Loan processing structure and ability to leverage relationship with Business Funding Group, LLC Strict underwriting, servicing and proactive collection
policies
Residential and Commercial Real Estate Lending Overview 17 Products Overview Consumer and commercial
lending and deposit taking Construction lending with focus on single-family rental Strategic Benefits Significant source of deposits Historically stable and strong profitability Branch-based Consumer and Commercial Community Bank Offers
Strategic Benefits to Broader FinWise Business Lines Branch Map Business Line Differentiators Focus on building a core deposit base All loans held on balance sheet High-touch, relationship banking approach
Point of Sale Lending Program Overview 18 Installment Loans Offer Growth Opportunities Product
Merchant Details Tech-Focus Growth Opportunities 50+ merchants across 16 states (and growing) Home improvement, spa, musical instruments and other POS lending market is significant in size, presenting material upside for balance sheet
expansion Unsecured Installment Loans Interest bearing and 0% Interest (3, 6, 12 or 24 months) Strategic Goals Support small business revenue growth Profitably grow balance sheet Mix of FinView™ and “off-the-shelf” technology solutions
Historical track record of strong asset quality Credit risk managed through combination of policy, data
and pricing Disciplined underwriting has delivered historical track record of strong asset quality Allowance for Loan Losses / Total Loans was 4.6% as of June 30, 2022 Total Loans of $232.1M includes $46.8M of loans guaranteed by the SBA
(20.1%) and $31.6M of Strategic Program HFS loans (13.6%) $6.4M, or 60.8% of Total Allowance, allocated to Strategic Program loans as of June 30, 2022 Key Highlights 19 Note: Q2 ‘21 financial data is as of or for the three-month period
ending June 30, 2021; Q1 ‘22 financial data is as of or for the three-month period ending March 31, 2022; Q2 ‘22 financial data is as of or for the three-month period ending June 30, 2022 Allowance for Loan Losses and Nonperforming Loans /
Total Loans Net Chargeoffs by Line of Business
Significant Earnings Note: “Tangible book value per share” is defined as book value per share less goodwill and other intangible assets, divided by the outstanding
number of common shares at the end of each period. The most directly comparable GAAP financial measure is book value per share. We had no goodwill or other intangible assets as of any of the dates indicated. We have not considered loan
servicing rights as an intangible asset for purposes of this calculation. As a result, tangible book value per share is the same as book value per share as of each of the dates indicated. Please see Appendix for non-GAAP to GAAP
reconciliations. Q2 ‘21 financial data is as of or for the three-month period ending June 30, 2021; Q1 ‘22 financial data is as of or for the three-month period ending March 31, 2022; Q2 ‘22 financial data is as of or for the three-month
period ending June 30, 2022 Tangible Book Value Per Share (Non-GAAP) Net Income ($M) 20 Material earnings driven by revenue diversification via substantial increases in earning assets and origination volumes History of significant,
consistent tangible book value per share growth
Significant Balance Sheet Growth Note: Q2 ‘21 financial data is as of or for the three-month period
ending June 30, 2021; Q1 ‘22 financial data is as of or for the three-month period ending March 31, 2022; Q2 ‘22 financial data is as of or for the three-month period ending June 30, 2022 Total Deposits ($M) Total Loans Outstanding Ex. PPP
($M) Total Assets Ex. PPP ($M) Total Loan Originations ($M) 21
Deposit Base 22 Core Deposit Strategy Commentary Branch Deposits Significant source of
deposits Strategic Program Deposits Reserve Accounts – historically highly correlated to origination volume Operating Accounts SBA 7(a) Deposit Program and Other Piloting a new deposit product targeting SBA 7(a) customers Exploring
additional opportunities
Significantly Well-Capitalized Note: Q2 ‘21 financial data is as of or for the three-month period ending
June 30, 2021; Q1 ‘22 financial data is as of or for the three-month period ending March 31, 2022; Q2 ‘22 financial data is as of or for the three-month period ending June 30, 2022; FinWise Bank has elected to opt into the Community Bank
Leverage Ratio framework starting in 2020 23 FinWise Bancorp and FinWise Bank have consistently maintained regulatory capital ratios significantly above the federal “well-capitalized” regulatory standards
Highly Regarded Platform 24 Selected Rankings 2021 #1 best-performing between $300M - $1B 2021 #2
best-performing under $2B
Key Investment Highlights 25 Disciplined underwriting and compliance infrastructure Highly-profitable
fintech lending model with compelling growth rates Proprietary FinView™ Analytics Platform developed to enhance the gathering and interpretation of customer performance data Diverse, scalable revenue stream in business lines with attractive
market opportunities Historically stable, relatively low-cost core deposits positioned to fund future growth Seasoned management team with a proven track record Unique bank that closely integrates with fintech lending platforms
Appendix
Non-GAAP to GAAP Reconciliation 27 Tangible Shareholders’ Equity and Tangible Book Value Per Share Efficiency Ratio Note: “Tangible
shareholders’ equity” is defined as total shareholders’ equity less goodwill and other intangible assets. The most directly comparable GAAP financial measure is total shareholders’ equity. We had no goodwill or other intangible assets
as of any of the dates indicated. We have not considered loan servicing rights as an intangible asset for purposes of this calculation. As a result, tangible shareholders’ equity is the same as total shareholders’ equity as of each of
the dates indicated. Note: “Efficiency ratio” is defined as total noninterest expense divided by the sum of net interest income and noninterest income. We believe this measure is important as an indicator of productivity because it
shows the amount of revenue generated for each dollar spent
FinView™ Analytics Platform: Buildout Drives Continued Scale Near-term strategic priority; timing of
product development dependent on a number of factors, including timing for new hires 28 2017: Began using API to connect with Strategic Program service providers 2018: FinView™ used to analyze retention of selected Strategic Program
loans 2020: Enhanced enterprise data warehouse to more efficiently capture loan origination and servicing data 2021: Continued build out of FinView’s™ business analytics module; building an updated version of its API 2016 Strategic Program
Service Providers: 1 2017 API v1 Strategic Program Service Providers: 4 2018 Manual credit insights Strategic Program Service Providers: 7 API v1 2019 Manual credit insights Strategic Program Service Providers: 9 API
v1 2020 Manual credit insights Strategic Program Service Providers: 8 API v1 Enterprise Data Warehouse 2021 Manual credit insights Strategic Program Service Providers: 11+ API v1 Enterprise Data Warehouse Start Development API
v2 2022+ Manual credit insights Strategic Program Service Providers: 11+ API v1 Enterprise Data Warehouse Business Intelligence Analytics Continued Development API v2 Machine Learning and AI The compilation of millions of loan
origination and servicing data points creates deep insights that drive more informed decision-making across asset classes, and enables more efficient product launches