Upstart Referral Network

Expand consumer lending confidently

Personal loans are referred to your institution from consumers who apply at Upstart.com and meet your credit criteria.

Through our partnership with Upstart, we are able to reach more people who need access to affordable credit. If a personal loan could improve their financial situation, we want to be there for them.

Karen Harbin, President & CEO

Commonwealth Credit Union

Previously, we were using standard underwriting guidelines based on FICO and DTI ratios. With Upstart’s AI, we’ve seen a big increase in the number of loans approved with very little delinquency.

Jason Reed, Chief Operating Officer

The Atlantic Federal Credit Union

Our partnership with Upstart is a great example of how we can use AI to extend our lending capabilities with a fast, digital experience.

Mike McWethy, Executive Vice President

Texans Credit Union

We partnered with Upstart to expand inclusive lending and grow our membership across all four counties we serve in Northern California through an all-digital lending experience.

Dree Johnson, Senior Vice President and Chief Operating Officer

UNCLE Credit Union

That’s what I love about the partnership - we have Upstart’s experience and partnership to dip into that near prime category so we can learn as an organization and build that capacity.

Jeremy Pinard, Chief Lending Officer

Vantage West Credit Union

Start growing and diversifying
your portfolio now

$1M to $50M

Volume per month

11.8%

Gross average return¹

60

Days to go live

Grow your loan portfolio

The Upstart Referral Network is powered by Upstart’s AI-powered marketplace, enabling fast, all-digital lending with individual risk-based pricing. Qualified applicants on Upstart.com who meet your credit criteria are presented with your institution’s loan offers that can be originated digitally in minutes using your loan documents. Whether you’re looking for super prime borrowers or seeking higher yields with near-prime borrowers, or if you need help meeting your CDFI or LID requirements, we have the right solution to meet your lending goals. You can even target your existing members.

How you benefit

Deepen your member relationships

Expand lending with your existing, creditworthy members
Increase the lifetime value of your members
Serve your members, while earning a high return

Gain new members

Acquire new members from your preferred segment of the credit spectrum
Grow your consumer loan portfolio profitability
Gain new loans and new members that you can nurture with cross-sell rates as high as 11%

Get started quickly

All applicants sourced via Upstart.com
100% digital origination - no disruption to your existing processes
Upstart can provide servicing and collections – no additional resources needed

Control your lending program

Specify your own credit box, risk tolerance, and geographic focus
Monitor loan performance with Upstart’s near real-time performance console
Partner with our team of former lending executives to manage your program

See how the Upstart Referral Network can help your:

Bank

Credit Union

NEW!

T-Prime

Attract and acquire super prime borrowers

T-Prime enables your institution to grow a high-performing, low-risk loan portfolio of super prime borrowers to whom you can further nurture and cross-sell.

Enable powerful capabilities

T-Prime

Attract and acquire super prime borrowers quickly
Expand the relationship with new members
Grow a personal loan portfolio with low loss rates

Recognized Customer Personalization

Instantly identify your creditworthy members in the borrower application
Credit offers are tailored to your existing members
Available for personal loans with expansion into auto and HELOC loans in the future

LMI Census Tract Lending

Approve more LMI borrowers through Upstart's powerful AI credit decisioning model
Target specific census tracts to help maintain your CDFI certification
Over 28% of Upstart Powered Loans go to LMI communities

Personal Loans

How it works

1

Set your parameters

Set more than 15 criteria including minimum credit score, maximum debt-to-income ratio, loan sizes, geography and more.

2

Reach borrowers

Upstart’s robust marketing engine uses advanced online and offline strategies to drive demand to Upstart.com, presenting your loan offer to your existing customers and new borrowers who fit your risk profile.

3

Present your rate offer in minutes

Your loan offer is jointly branded with Upstart.

Mobile-friendly application allows users to finish their application in one sitting.

Upstart’s risk-based AI model individually prices and matches applicants within your credit criteria resulting in higher approvals and lower losses.

4

Approve, verify, and fund

91% of loans fully automated.²

Upstart’s expert staff manage all exception processes for higher-risk applications.

Same day all-digital signature process.

Next-business day loan funding.

5

Cross-sell your other products

Promote your other products at no cost by presenting digital offers to your new customer after the loan is secured.

6

Optimize loan portfolio

Access insightful metrics and make informed portfolio decisions with the Upstart Performance Console.

Adjust your loan volume and lending parameters as your goals or strategy change.

Upstart’s team of former credit union and bank executives can help manage your program.

¹ Program lending parameters are highly configurable and set within the lender’s risk tolerance. Gross Average Return (GAR) is calculated as calculated as APR less expected annualized loss rate. Represents the average GAR received by Upstart lending partners for originations in Q3 2024 using the Upstart Referral Network.

² In Q3 2024. Fully Automated metric is calculated on a quarterly basis. Fully automated loans are defined as loans originated end-to-end (from initial rate request to final funding) with no human involvement.