[Editor’s note: This is a guest post from Shaun O’Neill, President of Concord Servicing Corporation. Founded in 1988, Concord is...
It is often said in the lending business that it is easy to loan money out, the difficult part of...
SoFi said it missed their internal 4th quarter earnings projections due to lower than expected loan performance, increased hiring costs and expenses related to management changes according to the WSJ; the company also said they expect the loan performance trend to continue into 2018 as the look to refine their credit model; the company is also looking to improve fraud prevention, automate loan processing and get better at collections. Source.
When I was at Prosper headquarters earlier this month I sat down with Nancy, the operations manager, who is also...
In today’s challenging economic environment collecting money from borrowers is more difficult than ever; Jacob Corlyon and Alistair Canal of...
Given LendingClub is a platform serving borrowers and investors there is a lot of transparency on what changes they are...
[Editor’s Note: This is a guest post from Brian W. Tuite. Brian is Chief Business Development Officer for SquareTwo Financial,...