Envestnet Credit Exchange launches access to residential real estate and unsecured consumer loans


CHICAGO, June 8, 2021 /PRNewswire/ — Envestnet, Inc. (NYSE:ENV) announces that the Envestnet Credit Exchange has launched access to a broad range of residential real estate and unsecured loan products for advised clients from a growing list of loans selected for the scope of their products and the quality of their services. Envestnet Credit Exchange has expanded its product line beyond securities-backed lending with Upgrade and LightStream for unsecured lending, and allied houseBetter and Guaranteed Rate to help wealth managers meet their clients’ typically most important credit need: home financing.

“To be competitive and successful in the wealth management business, advisors need to look after both sides of their clients’ balance sheets. Helping clients build net worth means managing credit as strategically as investing. This product expansion provides advisors with solutions for their clients’ financing needs. said André StavaridisExecutive Group Head, Solutions Distribution at Envestnet. “Creating financial well-being is the strategic culmination of our industry, and credit is a critical pillar of that. Together with insurance and financial planning, providing credit solutions enables advisors to confidently meet: “Why should you be my wealth manager?”

Envestnet Credit Exchange, powered by Advisor Credit Exchange (ACx), provides financial advisors using the Envestnet ecosystem with access to a wide selection of secured and unsecured lending options, $10,000 at $25 million, and above. Potential lending opportunities are aggregated based on each client’s financial data and come from a list of lending partners selected for their product offering, quality of service and funding experience. The expansion of the Credit Exchange‘s suite of lending products now gives advisors access to:

  • Residential real estate loans: Advisors can help clients obtain loans for everything from buying or refinancing a home to paying for home improvements. The Federal Reserve Board of New York reports that mortgages account for more than 70% of consumers’ personal credit balances.

allied house (the residential mortgage division of Allied bank), Better and Guaranteed Rate are the first residential mortgage lenders to join the Exchange.

  • Unsecured Loans: Envestnet has partnered with Access Financing (a SweetPay brand), a provider of unsecured loan aggregation solutions, to connect the Exchange to multiple unsecured loan partners and present a wider range of potential loans for each application in based on customer data and suitability, from which advisors and customers can choose which ones offer the best terms.

In addition to LightStream, a division of Truist (formerly SunTrust), unsecured lending partners on the Credit Exchange now include Upgrade Inc., a neobank that provides affordable and responsible credit access 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.

“Envestnet Credit Exchange is now positioned to enable advisers to cater to the three main personal lending services – security-backed, unsecured and real estate lending,” said Stone StantonCEO of Advisor Credit Exchange. “The relationships we have can provide advisors with the power and confidence to advise their clients on all aspects of loans and help them access the ideal credit solutions to meet their needs.”

About Investnet
Envestnet, Inc. (NYSE: ENV) is transforming the way financial and wellness advice is delivered. Our mission is to empower advisors and financial service providers with innovative technologies, solutions and intelligence to make financial well-being a reality for everyone. More than 106,000 advisors at more than 5,200 companies, including 17 of the top 20 U.S. banks, 47 of the top 50 wealth management and brokerage firms, more than 500 of the largest RIAs, and hundreds of FinTech companies, leverage used the Envestnet platform to develop their activities. and customer relationships.

For more information on Envestnet, please visit www.envestnet.comsubscribe to our Blogand follow us on Twitter (@ENVintel) and LinkedIn.

About Advisor Credit Exchange, LLC
The Advisor Credit Exchange (ACx) is a technology-enabled network that brings together lenders and wealth managers, enabling investment firms and advisors to provide financing solutions to grow 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 advisors to help clients achieve financial wellness.

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

Envestnet, Inc. has a financial interest and holds board positions in the Advisor Credit Exchange. ACx provides lending solutions to advisors and their clients through the Envestnet platform through Envestnet’s subsidiary, Envestnet Financial Technologies.

Neither ACx nor Envestnet offer lending products or make lending decisions. Funding and administration of all loans are provided by separate, unaffiliated financial institutions. This press release should not be construed as an offer, recommendation or endorsement of any particular product, service, bank or company.

Media Contact:
Dana Taormina
JConnelly for Envestnet and ACx
973.647.4626
[email protected]

SOURCEEnvestnet, Inc.

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