Transform Merchant Risk & Onboarding

Manual license checks once a year. Hundreds of contractors. Limited visibility between reviews.
That was the challenge LendKey faced as it scaled its home improvement lending operations across the U.S.  In highly regulated industries like point-of-sale lending for home services, contractor compliance isn’t just about checking a box — it’s about protecting customers, lenders, and reputation. For LendKey, relying on once-a-year license reviews created potential risks and inefficiencies.

The Challenge

• Manual License Checks.  Annual Reviews.  Compliance Gaps

• Before, LendKey's compliance process was manual and relied on phone calls or online searches. The process was conducted only once per year. Contractors could lose compliance mid-cycle — having their licenses suspended or revoked by a government agency before the license expired, and LendKey wouldn’t know.

The Result

• Automated Continuous Merchant Monitoring Through Verdata Powered by Mesh

• 600+ contractors moved from manual reviews to automated monthly monitoring

• Push alerts triggered when licenses expire, are suspended, or fall out of standing

• Confidence to scale in partnership with top financial institutions

What’s Next:

Smarter Data Discovery and Enrichment for Risk Management

Now, LendKey is exploring license discovery, a next-gen capability from Mesh that fills gaps in legacy portfolios by identifying licenses — even when contractors didn’t provide them.
This is how compliance moves from static snapshots to continuous confidence.