The Three Steps Involved in the Application of GreenSky Credit

  • Introduction

Apparently, every industry is very competitive, which means that owners of the business have to ensure that their organizations are competent enough to operate in the sector efficiently irrespective of the prevailing competition. The level of competition has forced companies to use innovative methods to attract and retain customers and help their businesses to move to the next level. Contractors and builders have been accessing various mobile solutions with the aim of making their markets more efficient and customer oriented.

  • GreenSky Credit Program

One of the innovative method that builders and contractors are using is GreenSky Credit program, a technological solution that is geared towards offering quality financial services to the members of the public. However, the strategy ensures that borrowers and lenders are brought together through a credit platform that helps borrowers to access money with ease. Builders are using this platform to help their customers to get immediate funding for their projects.

How GreenSky Credit Works

The mobile-based credit platform ensures that any business, irrespective of its size, gets a maximum of $55,000 which will be used in offering credit services and goods to the consumers. The money is acquired through a faster speed that does not involve the traditional filing of papers and other bureaucratic procedures. The following are three steps that one requires to undertake in order to acquire credit from GreenSky LLC.

  1. Application

This is the first step where the borrower is required to apply for the loan through the company website or through the mobile app. An individual is needed to fill critical personal details for identification and loan retrieval process. Additionally, any person applying for this loan is necessary to highlight that purpose of the loan, i.e., construction.

  1. Application Review

The lending institutions will review the application process upon which they will determine whether a person has qualified for the loan applied or not. If lenders have approved the loan application, the customer will get an account number.

  1. 3. Loan Processing

The processing stage takes less than forty-eight hours upon which an individual will get the requested amount of money. Note that the funds will be deposited in the GreenSky Credit Account.

Source

The Balance Small Business- https://www.thebalancesmb.com/greensky-credit-mobile-solution-844894

https://www.wsj.com/articles/whos-the-most-valuable-online-lender-after-this-deal-its-greensky-1514911495

GreenSky Credit Could Revolutionize How Banks Lend Money

The future is wide open for tech entrepreneurs. New innovations and a shift towards cloud technology are creating opportunities in practically every industry, and GreenSky Credit could be leading the pack where the financial sector is concerned. This bold new company has intentions to revolutionize the banking industry by modernizing the software they use to conduct business, and investors seem to have bought in to their bold promises for the future.

A Well-Funded New Name in Fintech

The fintech, or financial tech, industry is hardly a new development. Before the rise of GreenSky Credit there was Lending Club Corp. and Social Finance Inc. These businesses look to improve the relationship between banks and customers by creating tools they can use to approve loans. This technology facilitates investments in everything from home improvements to healthcare to solar energy conversions, but GreenSky Credit is raising eyebrows for how readily investors have hopped on board.

While GreenSky was first founded in 2006, it didn’t propel to the front of the public consciousness until a decade later. In 2016, GreenSky Credit received a valuation of a staggering $3.6 billion from Fifth Third Bankcorp who were so confident in their assessment that they backed it up with a $50 million investment. This was over a 200% increase over their prior evaluation two years prior. As of 2018, nearly two million customers and 13,000 companies have made use of GreenSky’s instant lending programs.

A Rags to Riches Tale

While that precipitous rise to fame is notable, it’s still less impressive than the story of its founder. David Zalik graduated from high school at the tender age of 14, and by the time he was a college freshman, he was already the founder of his own business. But this company, a computer assembly outfit known as MicroTech Information Systems, would just be the starting point. His success would lead him to drop out of Auburn to spin his company into new developments.

By the time Zalik formed GreenSky Credit in 2006, he already had three successful businesses under his belt. It’s no small wonder that investors are ready to jump on the bandwagon, but it’s not just Zalik’s reputation that’s directing the company’s success. A smart mobile platform greatly expedites the loan application process, and the tech fueling it is sound. GreenSky is 2016’s industry darling, but it doesn’t show any signs of stopping anytime soon.

https://www.dice.com/company/GreenSky+Credit/jobs