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What they think makes them better: Loanio believes we will foster a greater level of security and confidence from lenders, provide access to a significantly underserved borrower market, and consequently increase the average number of loan originations.

Some of the site’s highlights include:

• A Co-Borrower (co-signer) feature, which will enable all borrowers, regardless of their credit profiles, the ability to participate.
• An ID and Financial Document Verification service which will provide lenders with enhanced qualitative data on borrowers.
• A feature that allows borrowers to originate a loan when less than 100% of the requested loan is successfully bid upon.

Contacts:

Bus. Dev. & Press: Michael Solomon, CEO & Founder, msolomon@loanio.com, 845-624-4400×255