GreenSky Credit originated at much the same time as many of the other tech start ups in Silicon Valley. The company is located in Atlanta, Georgia, and it operates online to help provide consumers with online loan access. David Zalik is the current Chief Executive Officer of the firm.
David Zalik is one of the co-founders of GreenSky Credit. The company has been in existence since 2006. He is a savvy entrepreneur, and this technology financial startup company rapidly became very popular and very successful. They have arranged loans to homeowners for home improvements and other purposes. By 2012, the company reportedly arranged approximately $5 billion in loans for its customers. GreenSky Credit works with numerous federally insured financial lending institutions that provide the funding.
Unlike many other tech startups that offer their employees free lunches and a host of other extra benefits, David does not run his company in the same way. He thinks differently in many ways, and that way of thinking has proven to be a huge financial step for the company. While some other CEO’s opt to maintain their companies as privately owned entities for different reasons, David Zalik thought differently. He saw the potential of taking the company public, and the company did go public in May of 2018. It has been reported by Forbes that David is a billionaire, with paper assets of approximately $2.5 billion.
David has an interesting background and early life before his success story at GreenSky Credit. He grew up in the United States as a toddler and onward. His family moved from Israel to Alabama when he was 4 years old. From his young days, he was always fascinated with the computer, and he displayed a great aptitude for learning. He achieved an exceptionally high testing score at age 12. He was then invited by Auburn University to enroll in some courses there. His father worked at the University. He never attended high school, and instead he went on to begin his studies full time at the University at the age of 14.
Various trends are impacting the banking industry. Many customers are tired of dealing with large banks that do not provide excellent customer service. Some online banks are gaining market share from national banks. Online lending is a convenient way for customers to borrow money. Not only is online lending simpler, but it also provides a way to compare different lending options.
GreenSky is one of the most successful online banks in the entire industry. The company was founded in 2006, but it has expanded every year since that point. Customers who value customer service enjoy working with employees at GreenSky. The GreenSky credit program is an excellent way for clients to borrow money.
Online Borrowing Options
Security is essential for online banking. In the past few years, many customers have had their information exposed to hackers. The GreenSky credit program prioritizes information protection for customers. Before choosing an online bank, customers should do a thorough check on the security ratings of the site.
The GreenSky credit program offers multiple lending products for customers. The most common lending product is a home mortgage. With housing prices increasing in many cities, customers are trying to purchase a home as soon as possible. At a traditional bank, the mortgage application process may take several days to complete. However, with the GreenSky credit program, the approval process takes only a few minutes.
The current CEO of GreenSky founded the company with a few of his friends. He wanted to offer an online banking solution with low fees and exceptional customer service. Although he still has numerous ideas to improve the company, he is excited about the success of his business so far.
Although online lending is scary for some customers, it is a growth area of the banking industry. More customers are borrowing money online to save time. Customers should research to find the best lending product for their financial situation.