KeyBank Acquires Laurel Road’s Digital Lending Business
KeyBank has announced the acquisition of Laurel Road Bank’s digital lending business, stating that the deal will enhance its digital capabilities with customer-centric technology. KeyBank added that Laurel Road was launched in 2013 and has more than $4 billion in loan originations. Last year, the company introduced a platform for mortgages using securing lending technology to offer home buyers and owners a “streamlined” experience, from application to payment. Source.