Enhance Your Tax Business with Lending-as-a-Service (LaaS)
In today’s economic landscape, financial flexibility is crucial for both businesses and their clients. At LendingUSA, we understand the challenges faced by tax resolution partners, especially with increasing merchant fees, expanded recourse on missed payments, and some lenders exiting the Tax Resolution Industry altogether. That’s why we’re excited to introduce Lending-as-a-Service (LaaS), a groundbreaking solution designed to empower your business by offering customized financing options.
Why Consider Lending-as-a-Service?
Lending-as-a-Service (LaaS) is a revolutionary solution that allows tax resolution partners to start their own lending division, providing in-house payment options while earning yield on payments. With LaaS, you can leverage your own cash reserve or special purpose vehicle to offer financing. LendingUSA and ServicingUSA have teamed up to simplify this process, ensuring a win-win situation for both you and your clients.
How Does It Work?
1. Loan Origination: LendingUSA originates the loan with a bank.
2. Loan Purchase: You purchase the loan from LendingUSA to earn yield.
3. Loan Servicing: ServicingUSA takes care of servicing, including customer service, collections, and charge-offs.
Benefits of LaaS for Your Business
1. Legal Structure and Compliance: Let us handle the legal complexities and compliance requirements, allowing you to focus on earning yield on client loans.
2. Customized Loan Terms: Design flexible loan terms, including discount fees, ACH down payments, promotion periods, underwriting criteria, and interest rates.
3. Happy Clients: Our partner, ServicingUSA, ensures a smooth client experience by managing customer service, collections, and charge-offs.
4. Increased Profit Margins: Benefit from improved loan approval rates and earn interest on approved loan transactions.
Sound interesting? Learn more about how LaaS can transform your business [here]().
Lending-as-a-Service by LendingUSA offers a unique opportunity for tax resolution partners to enhance their business operations, improve client satisfaction, and increase profit margins. By leveraging our comprehensive LaaS solution, you can provide customized financing options that meet your clients’ needs and drive your business growth.
