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