Lending Solutions Inc. said it has processed its five millionth loan application. The Elgin, Ill., company said the milestone application was processed on Monday for the $77 million Wichita Federal Credit Union.

The Kansas credit union has been a client since 2007, LSI said. The company began processing loans by phone in 1995, the same year its founder, former Baxter Credit Union CEO Rex Johnson, opened his University of Lending.

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