Envestnet Credit Exchange Opens Access to Residential Real Estate and Unsecured Consumer Loans



CHICAGO, June 8, 2021 / PRNewswire / – Envestnet, Inc. (NYSE: ENV) announces that Envestnet Credit Exchange has made a wide range of residential and unsecured lending products available to advised clients from a growing list of lending partners selected for the breadth of their products and quality of service. Credit Exchange Envestnet has expanded its portfolio of products beyond securities backed lending with Upgrade and LightStream for unsecured loans, and Union houseThe best and guaranteed rate to help wealth managers meet their clients’ biggest loan need – real estate finance.

“To compete and excel in the money management arena, consultants must consider both sides of their clients’ balance sheets. Helping clients build their net worth means managing a loan as strategically as an investment. This product extension provides consultants with solutions to their clients’ financial needs. ” said Andrew Stavaridis, Leader of the Executive Distribution Team at Envestnet. “Creating financial well-being is a strategic high ground for our industry, and credit is an important pillar. Together with insurance and financial planning, providing lending solutions allows counselors to respond with confidence: “Why should you be my wealth manager?”

The Envestnet Credit Exchange, powered by the Advisor Credit Exchange (ACx), provides financial advisors using the Envestnet ecosystem with access to a wide range of secured and unsecured loan options from USD 10,000 to $ 25 million, and higher. Lending potential is collected based on the financial data of each client and is based on a list of lending partners selected based on product offerings, quality of service and financing experience. The expansion of the Credit Exchange’s portfolio of credit products now provides consultants with access to:

  • Residential loans: Consultants can help clients obtain loans for everything from buying or refinancing homes to paying for repairs. Federal Reserve Board New York reports that mortgages account for over 70% of consumers’ personal credit balances.

Union house (subdivision of residential mortgage lending Union bank), Better and Guaranteed Rate are the first mortgage lenders to join the exchange.

  • Unsecured loans: Envestnet partnered with Access Financing (SweetPay brand), a provider of unsecured loan aggregation solutions, to connect Exchange with multiple unsecured lending partners and present a broader range of potential loans for each application based on customer data and relevance, of which consultants and customers can choose those with the best conditions.

In addition to LightStream, a division of Truist (formerly SunTrust), the unsecured credit partners on Credit Exchange now include Upgrade Inc., a neobank that offers access to affordable and responsible credit to consumers. LightStream joined the exchange in 2020. Envestnet, ACx and Access Financing plan to add lenders in the second and third quarters of 2021 to continue expanding access to the credit market.

“Credit Exchange Envestnet can now provide consultants with the ability to provide three key retail lending services – secured loans, unsecured loans and real estate loans,” he said. Peter Stanton, CEO of Advisor Credit Exchange… “The relationships we strengthen can give advisors the strength and confidence that they can advise their clients on all aspects of lending and help them access the ideal loan solutions to meet their needs.”

About Envestnet
Envestnet, Inc. (NYSE: ENV) is changing the way we provide financial advice and wellness. Our mission is to provide consultants and financial service providers with innovative technologies, solutions and intelligence to make financial well-being a reality for everyone. More than 106,000 consultants from more than 5,200 companies, including 17 of the 20 largest US banks, 47 of the 50 largest brokerage and asset management firms, more than 500 of the largest RIAs and hundreds of FinTech companies, use the Envestnet platform to grow their businesses. and customer relationships.

For more information on Envestnet visit www.envestnet.com, subscribe to our blog, and follow us on Twitter (@ENVintel) as well as LinkedIn

About Advisor Credit Exchange, LLC
The Advisor Credit Exchange (ACx) is a technology-enabled network that connects lenders and asset managers, enabling investment firms and advisors to offer financial solutions to increase their clients’ net worth and achieve their financial goals. By integrating liability management with asset management and protection solutions, ACx has created new opportunities for consultants to help clients achieve financial well-being.

For more information on Credit Exchange Advisors, please visit www.advisorcreditexchange.com

Envestnet, Inc. has financial interests and serves on the boards of directors of the Advisor Credit Exchange. ACx provides lending solutions to consultants and their clients through the Envestnet platform through Envestnet’s subsidiary, Envestnet Financial Technologies.

Neither ACx nor Envestnet offer any lending products or make any lending decisions. All loans are financed and administered by separate and unaffiliated financial institutions. This release should not be construed as an offer, recommendation, or support for any particular product, service, bank or firm.

Media Contact:
Dana Taormina
JConnelly for Envestnet and ACx
[email protected]

SOURCE Envestnet, Inc.


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