Also called: Panel, Lender list
Lender panel
A lender panel is the group of credit providers a broker holds accreditation with and can submit applications to. Panels vary in size and composition, and a broker can only recommend from the lenders on theirs.
What is a lender panel?
A lender panel is the group of credit providers a broker holds accreditation with and can submit applications to. Panels vary in size and composition, and a broker can only recommend from the lenders on theirs.
Example
Lyft Money maintains a panel of more than 18 lenders spanning major banks, non-bank asset financiers, invoice funders and fintech lenders.
Why it matters
Credit appetite differs sharply between lenders, so panel breadth affects whether an unusual deal can be placed at all.