LoanStreet Inc. Makes Strategic Additions to Sales Team

Credit Union Veterans Help Fuel Rapid Growth

News provided by

Feb 27, 2019, 08:38 ET

NEW YORK, Feb. 27, 2019 /PRNewswire/ -- LoanStreet Inc., the first fully integrated platform that streamlines the process of sharing, managing and originating loans appoints three credit union industry veterans to support LoanStreet's aggressive growth: Mike Doherty, Managing Director and Head of Credit Union Sales; Tony Harter, Business Development Director; and Joe Parvin, Business Development Director.

"This is an exciting time for LoanStreet and the credit union industry at large as technology dramatically changes the playing field for lenders," said Ian Lampl, CEO of LoanStreet. "The talent and expertise these highly-experienced professionals bring, combined with LoanStreet's powerful technology and network will help lenders more effectively drive growth, diversify risk and better serve their members."

LoanStreet announced earlier this month the launch of a new commercial lending solution that combines automation and networking for financial institutions. In support of this rapid growth and the lending industry's need for more effective technology, LoanStreet continues to invest in top talent, including:

Mike Doherty has joined as Managing Director and Head of Credit Union Sales. Mike brings more than 30 years of credit union industry experience most recently as Executive Director at CU Investment Capital Markets Solutions. Previously he was President and CEO at CU Investment Solutions, and Senior Vice President of Asset/Liability at U.S. Central FCU. Mike holds FINRA licenses 7, 63, 65, 24, and 52.

Tony Harter has joined the team as a Business Development Director. Tony brings more than 20 years of credit union and banking industry experience and previously worked at Catalyst Corporate FCU as a National Sales Executive assisting credit unions with ALM solutions. Before that he worked with Suncorp FCU, where he served as a Business Development Officer and Capital Markets Specialist. Prior to that, he was a Financial Consultant at Wells Fargo.

Joe Parvin also joined the team as a Business Development Director. Previously he was Vice President of Capital Markets for Commerce Bank where he was a registered representative and client strategist. Prior to that, Joe was an Investment Officer and Portfolio Manager at Catalyst Corporate FCU, and Associate Director of Risk Analytics at CNBS.

About LoanStreet Inc.

LoanStreet is the first fully-integrated, online platform that streamlines the process of sharing, managing, and originating loans for credit unions, banks, and direct lenders. LoanStreet was founded in 2013 with the mission to create a more efficient, transparent, and robust way of administrating loans and connecting the lending market. LoanStreet's nationwide network of hundreds of financial institutions gives lenders the ability to profit and grow by combining technology and dedicated expertise to effectively manage the constraints otherwise caused by geography, size, or concentration limits. Hundreds of financial institutions now use LoanStreet's software solution to successfully do business with each other and maximize the potential of their respective organizations. 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 sharing platform. For more information or to join the LoanStreet network, please visit www.loan-street.com or email: [email protected].

SOURCE LoanStreet Inc.