Plug into the Quilo Syndication Network quickly.

We believe that open collaboration is a key innovation driver. Whether you are looking for underwriting, funding or servicing, Quilo Open API allows you to get up and running quickly.
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How it works

It's easy to connect your loan flow for guaranteed, on-demand, real-time syndication with Quilo API.

Key concepts

Participant

is a financial institution that buys some interest in an individual loan

Program

is a set of lending features that constitutes a lending product - e.g. Unsecured Personal Installment Loan, New Car Loan, Used Car Loan, Line of Credit, RV Loan, Boat Loan, etc

Program Participation Criteria

is a set of criteria defined by Participant for participation in a specific program. Each Program may have its own set of criteria

A Participant may participate in one or more Programs

A Participant must set and maintain separate Funding DDA account for every Program they participate in at their own institution

Daily Program Participation Limit

a Participant will set and maintain daily participation limit for each Program they participate in

Reserve Account

is an account that covers Daily Program Participation Limit. It's a virtual account at a third-party Custodian Bank that Quilo is authorized to Direct Debit to cover Participation Settlement in case the Program Funding DDA direct debit has failed

Program Participation Funding Account

a dedicated DDA account Participant sets at its own institution to settle participation

Program Participation Loan Request

is an external, real-time loan originator inquiry issued to Participation Network to request up to 100% participation in a specific loan. This request must contain sufficient information about applicant, loan terms and participation requirement. Upon sufficient Participation allocation, a Master Participant will receive time-limited confirmation that guarantees participation

Program Participation Queue

is a set of rules that are designed to offer fair opportunity to participate in loan flow to every network participant

Participation Credit Criteria

is a set of criteria and metrics that define the Participation Queue including actual Portfolio Quality, Maximum Term, Maximum Tier Limit, Participation Factor (percentage of daily limit that has already been participated), cut-off credit score and finally Commitment Factor(a portfion of a daily limit a Participant committed into the a pool of commitments among selected participants) and dozen of others

Get Access to API

Currently we are opening our API service to select partners. Reach out to us to reserve your spot.

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