Former Live Oak CFO Brett Caines founds SBA Data Analytics Company Lumos | Ep. #110

The Art of SBA Lending

Chemical Engineering, Data Analytics, and SBA. One person ties these three things together and that’s this week’s guest, Brett Caines.

Your host, Ray Drew, sits down with Brett to discuss his journey from chemical engineering to banking. Brett spent time as the CFO at Live Oak Bank before starting his own business, Lumos.

Lumos is a data company that uses data to empower lenders to make decisions. Within their system, Lumos has created an expected loss model called Lumos Prime Plus, which is an automated feature that considers factors such as geography, industry, and loan size to assess the expected performance of a loan. This model allows for a quicker and more efficient assessment of smaller dollar loans. The user interface makes the data easy to digest.

We hope you enjoy Ray and Brett’s full conversation.

To learn more about Lumos, visit: https://lumosdata.com/

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This episode is brought to you by the folks from Shatterbox. Lenders, would you like to hire top-shelf, pre-vetted talent to deepen your SBA bench? Shatterbox is resurrecting the apprenticeship to solve the talent gap in SBA lending. Visit https://shatterbox.io/ for more information. The Cohort kicks off this Fall, and space is limited!

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For more information about the podcast, visit: https://www.artofsba.com/