The more I research about fintechs getting in on the #PPPLoan, the more I want to see how they intend to underwrite. Do a lot of neobanks have traditional underwriters and underwriting policies? Does anyone know how they form their underwriting?

Also: what happens if you’re a fintech that’s uploading these loans assuming there’s loan forgiveness & a guaranty... and the guaranty doesn’t get perfected OR there isn’t forgiveness for all of it? Will banks have to buy back these loans?

If anyone knows a neobank person who’s in the process lmk I want to follow & learn