Clutch rolls out Fastlane to cut loan processing time to minutes

By Vriti Gothi

Clutch, a provider of digital onboarding and origination solutions for credit unions, has launched Fastlane, a real-time loan decisioning and fulfilment engine designed to automatically turn more loan applications into funded loans, faster.

The launch of Fastlane represents a major milestone in Clutch’s commitment to powering credit unions with agile, future-ready infrastructure that rivals today’s most advanced FinTech platforms. By removing friction between loan application and disbursement, Fastlane enables credit unions to deliver a dramatically faster, more seamless lending experience, transforming operations and meeting the digital expectations of modern members.

Fastlane brings together intelligent automation and end-to-end orchestration across the lending journey. The platform automates real-time decisioning based on a combination of internal relationship data, live credit bureau insights, and credit union-specific policies. It embeds verification workflows for fraud, income, and identity directly into the process, eliminating the need for manual underwriting. Once approved, loans are prepared for disbursement and routed into the loan origination system without staff intervention, compressing the entire cycle into minutes.

Since its early deployment, Fastlane has delivered impressive results across partner credit unions. Institutions are achieving instant decision rates as high as 100%, with up to 50% more loans funded. Manual operations per funded loan have been reduced by as much as 80%, enabling teams to focus on higher-value member engagement.

Clutch sees Fastlane as a cornerstone in its broader roadmap to redefine member-centric lending. As credit unions navigate a competitive, tech-driven landscape, the ability to deliver fast, frictionless lending without compromising risk or control is no longer optional; it is fundamental.

Fastlane is now available to all credit unions seeking to modernise lending through automation, enhance operational efficiency, and strengthen member relationships in a digitally native financial ecosystem.

Nicky Hinrichsen, CEO and Co-founder of Clutch, said, “Speed is the new standard. With Fastlane, credit unions can meet and exceed the expectations of today’s borrowers without sacrificing control or adding credit risk.”