The focus on technological improvements has greatly impacted on the performance and growth of GreenSky Credit Firm. This is an organization based in New York that aids other credit firms in their lending operations by offering them financial and technological support. Recently, GreenSky has launched an online platform that has turned tables for both the borrowers and the financial institutions. This platform has ensured that the process of loan application has is smooth and also efficient. The efficiency features through the time used to complete the application process. Customers can fill in the application details and get their loans approved within seconds.
Paperwork and movements of the loan applicants have also been alleviated by the platform, by ensuring that the application can be made through the computers or even at the comfort of the applicants’ smartphones. All the customers are required to do is to get into the GreenSky Credit website and fill in their personal and loan credentials. They are then required to submit the applications, which are then remitted to the credit facility from which the customer is borrowing. Then the financial institution reviews the details and either approves or declines the application. Once the application has been approved, a process that takes few seconds, the funds are processed by GreenSky Credit and remitted to the borrower’s account within the following forty-eight hours.
The main reason behind the success of GreenSky Credit is the leadership pillar that the company possesses. Led by the organization’s President, David Zalik, the employees of the company have been trained to establish and nurture professional business relationships with the interested financial organizations. As a result, GreenSky Credit has entered into partnerships with many financial institutions in the country, which it has leveraged to increase its clientele base. GreenSky Credit has used this approach for years since it was established and it has proved to be quite fruitful in a myriad of ways. One of the ways that the company has realized the fruition of the approach is by the rapid growth of its valuation figure. At the end of last year, Zalik David, the CEO and President of the firm was happy to announce the company’s worth of $3.5 billion after valuation.