Business
NewtekOne Automates Insurance Integration Within Its Proprietary Loan Operating System
Automation Accelerates Loan Closing Process and Delivers Comprehensive, Optimized, and Bindable Insurance PackageBOCA RATON, Fla., June 23, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“the Company” or “NewtekOne”) (NASDAQ: NEWT) announced that it launched the automated integration of a comprehensive offering of insurance products into its loan origination system, which gives borrowers instant access to bindable quotes on lender-compliant insurance policies, thereby satisfying loan closing requirem
About this update from Newtekone, Inc.
Automation Accelerates Loan Closing Process and Delivers Comprehensive, Optimized, and Bindable Insurance Package BOCA RATON, Fla., June 23, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“the Company” or “NewtekOne”) (NASDAQ: NEWT) announced that it launched the automated integration of a comprehensive offering of insurance products into its loan origination system, which gives borrowers instant access to bindable quotes on lender-compliant insurance policies, thereby satisfying loan closing requirements and enabling an expedited loan closing process. The automation generates insurance policies sold by Newtek Insurance Agency (“NIA”), which reduces risk to both the lender and borrower for unforeseen casualties. This internally developed platform leverages the Company’s proprietary software and operational processes to streamline loan closings by frictionlessly providing insurance quotes to loan applicants and borrowers. NewtekOne has built insurance automation directly into its patented NewTracker® operating system, further supporting compliance with regulatory requirements, and internal policies and a loan closing process that is not interrupted by a search for required insurance coverages. Over more than twenty-three years as a lender, NewtekOne has focused on reducing or eliminating friction for independent business owners seeking business and financial solutions. With insurance now automated into the loan application process, borrower applicants are automatically presented with an offering of a coordinated insurance package that includes: The insurance offerings are generated using borrower data captured in the loan application process and delivered through our insurance agency subsidiary NIA, enabling instant, bindable quotes from NIA’s network of carriers in a lender ready and compliant format. Barry Sloane, Chairman, CEO, and President of NewtekOne, commented, “Our ability to embed and automate comprehensive, bindable insurance solutions within the loan application process significantly accelerates loan closings and improves borrower outcomes. Historically, many borrowers were required to independently secure insurance coverage, adding time and complexity to the loan closing process. Now, borrowers receive multiple bindable insurance options, with coverage structured and assigned directly to their loan. This approach delivers several key benefits to bo...