Parlay

Take out the agents and Parlay is a portal and a checklist. The agents run intake, qualification, document collection and pre vetting on their own, screening documents and data as they arrive and checking each deal against the lender's credit box, so a deal that would take hours to screen comes back in minutes. The lender configures the data calls, workflows, checklists and credit box rules the agents apply.

A lender reviews and approves every deal before it moves downstream into the origination system, so the agents prepare and screen deals but do not send them on without a person. Every agent action is recorded in an immutable log that examiners can trace, and the credit box rules the agents apply are set and adjusted by the lender. Intake, qualification, document collection and pre vetting run on their own up to that approval point.

Accuracy, validation or error figures for the agents that read documents and screen deals are not published, nor is an account of how they are tested or monitored. What Parlay does provide is traceability, since a lender's examiners can follow each agent action in the log to see how a deal was screened. Lenders adjust the rules the agents check against whenever they choose.

Pathway Lending is named with a measured result: using Parlay with Mastercard Open Finance cash flow data, it cut processing time by 86 percent, from more than 14 days to two, and approved three times as many small businesses for larger loans. First Internet Bank cut its manual SBA intake work in half, and its president and chief operating officer, Nicole Lorch, is quoted on the platform. Citizens Bank of Edmond uses Parlay for small business lending at ROGER, its digital bank for the military community.

Whether data from one lender's deals informs the screening of another lender's deals is not stated, and no model training or retention terms are published, though Parlay works for community lenders that compete for the same small business borrowers. Each lender sets its own credit box rules, data calls and checklists for the agents to apply.

Parlay's privacy policy covers web visitors and email contacts only and says it does not address personal information collected on behalf of the financial institutions it serves, which is where applicant tax records, financial statements and credit data sit. A data processing agreement, retention schedule or subprocessor list for that material is not published. Inside the platform, every user, team and integration works under least privilege permissions, with role based access keeping sensitive data visible only to those who need it.

An independent audit against SOC 2 Type II standards covers security, availability and confidentiality at Parlay, and a trust center sits alongside it, though the audit report is not posted. Every user, team and integration operates under least privilege permissions with role based access, and access logs and vendor reviews are kept ready to hand to a lender's compliance team.

Parlay is built around the SBA 7(a) and SBA Express programs and conventional small business lending, and presents itself as safe for regulated institutions on the strength of its SOC 2 Type II audit, lender approval of every deal and agent logs examiners can follow. It names no regulator, statute or rule for its own screening. Its SBA work has drawn a partnership with nCino to support SBA lending nationwide.

Parlay screens small business deals against a lender's credit box before they reach underwriting, and describes its purpose as broadening access to capital for underserved small businesses. It publishes no fair lending, disparate impact or adverse action work for that screening. The lender sets the credit box rules, approves every deal before it moves on and can trace what each agent did.

The screening carries no guarantee, indemnity or accuracy commitment from Parlay, and an applicant screened out has no described route through Parlay to see why. What it offers is a record: the immutable agent log lets a lender or its examiners reconstruct how a deal was handled and answer a challenge, and every deal still passes a lender's review before it moves on.

Mastercard Open Finance is named as the cash flow data source in Parlay's Pathway Lending deployment, and nCino and Stratyfy are named partners. The models behind the agents, their provider and the hosting arrangement are not named. Lenders decide which data calls the agents make on each deal.

Qualified deals pass from Parlay into the lender's loan origination system, and everything the lender already runs stays in place. nCino has partnered with Parlay for SBA lending, Mastercard Open Finance supplies real time cash flow data in the Pathway Lending deployment, and Stratyfy has joined with Parlay to serve small business lenders. Borrowers and brokers answer everything once in a single guided portal.

Where Parlay hosts lender and applicant data, which provider runs it and whether a lender can choose a region or a private deployment are not stated. The privacy policy names categories of service provider, such as website hosting, data analysis and auditing, without naming them. Lenders reach Parlay as a hosted service through its portal and their own origination system.

Parlay publishes no price, tier or basis of charge. Its case rests on cost, with most customers cutting manual intake work by half or more without adding headcount, so the fee per deal decides how much of that saving a lender keeps. Implementation runs about three months, paced to the lender's team.

Parlay serves community banks, credit unions and community development financial institutions that make SBA 7(a), SBA Express and conventional small business loans, a single country and a single segment. Within it the customers vary, from Pathway Lending, which lends to small businesses across Tennessee, to First Internet Bank and Citizens Bank of Edmond's ROGER digital bank for the military community.