NMBA Welcomes New Associate Member Upgrade, Inc.

The New Mexico Bankers Association is pleased to welcome a new Associate Member, San Francisco-based digital banking company Upgrade, Inc. Upgrade has facilitated $16 billion in loans with financial partners and a seasoned consumer lending team. Upgrade partners with banks, who purchase their facilitated loans, including personal loans, cards, and auto refi loans, to solve for margin compression, balance sheet diversification, excess liquidity deployment, and fee income replacement. Upgrade’s asset purchase program incorporates with existing ALM strategies and is flexible with custom credit criteria, national or geographic, no minimum commitment, 30-day average onboarding, and loan servicing.