Fully digital, real-time loan syndication network.

Welcome to a fully digital, real-time loan syndication network. With Quilo, it’s easier to lend a million dollars by fractionally placing the funds across hundreds of loans rather than into a handful - lower credit concentration risk, lower charge-offs and eventually higher, more predictable ROA.
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With Quilo, it’s now easier to lend a million dollars.

More, larger, longer term loans!

While with inflation, your consumers’ borrowing needs are growing, your financial institution credit risk tolerance may decline and credit underwriting criteria tighten up. In this uncertain environment, the syndication network provides a unique set of digital tools that allow to reduce credit concentration risk, a key risk factor for smaller community financial institutions.

By joining Quilo, your financial institution gains real-time access to a guaranteed liquidity pool to participate out the interest in the loans, that are larger than your acceptable credit limit, to other network participants. At the same time and on the terms acceptable to you, your financial institution gains access to real-time participation in the loans underwritten by other originators.

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

Syndication Programs

While we are developing programs to support participation for various lending products, Quilo syndication network currently supports 2 products.

  • Personal Installment Loans
  • PoS Financing

Stay in Control

With Quilo, whether you originate or participate, your ability to stay in full control of your underwriting or participation criteria is the key.
The network provides functionality that allows your authorized personnel to set and update the following set of credit criteria that takes immediate affect:

01

Credit Score Cut-off

A Syndication involving borrower with a credit score below your cut-off rate will be rejected.

02

Target Portfolio Quality

the desirable outstanding credit-score-weighted principal

03

Credit Tier Limits

the maximum amount of funds you are willing to participate in a single loan that involves a borrower in a specific credit tier

04

Target Net Yield

or ROA you are looking to achieve at portfolio level after charge-offs

05

Maximum Term

up to 72 months

06

Maximum Participation

defines maximum fractional interest up to 100%

07

Credit-tier-level and term-level APRs

APRs can be overridden

08

Daily Participation Limit


How to onboard?

Being digital-first, we’ve been making significant R&D investment into ensuring frictionless participation on-boarding and ongoing operations.

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