In Orchard's Weekly Online Lending Snapshot, the company introduces a new section on US marketplace lending funds and highlights the growing business also noting RiverNorth's November 17 webcast, "Incorporating Marketplace Lending into an Institutional Portfolio"; notable data points from the snapshot include monthly gains in publicly traded companies for Lending Club, Yirendai and Square; in UK listed funds, the Ranger Direct Lending Fund continues to lead returns with a monthly gain of 2.27%; the RiverNorth Marketplace Lending Fund also has a monthly gain, with a return of 0.84%; in securitization the snapshot has Lendmark Funding Trust as the most recent securitization with a pricing date of October 26. Source
In a Q & A with Forbes, Matt Burton, CEO of Orchard discusses the early days of marketplace lending and how Orchard came to be; the company has raised $45 million and has institutional investors across the globe who utilize the platform; Burton also talks about their focus on the secondary market and what upcoming startups he thinks are interesting. Source
OnDeck has partnered with institutional data consultant, Orchard, to provide data reporting for institutional investors on its platform; OnDeck is a small business lender with significant investment from institutional investors; through the partnership Orchard will manage the loan reporting for OnDeck's institutional investors and provide investors with access to investor dashboards, portfolio benchmarking, automated daily holdings reports and a variety of customized reporting options held within the Orchard for Originators data system. Source
Orchard provides insight on its Q4 2016 originations report which shows total originations of $2.1 billion; data for the Orchard report only includes originators on the platforms that have allowed their data to be shared publicly; from the report, Orchard shows an increase of 10% in originations from the previous quarter which is the first increase since Q4 2015; charge-offs appear to be trending slightly higher in 2014 and 2015 than in previous years which is likely a factor of the entrance of more subprime lenders and could also be the result of broadening credit models; the data also shows borrowing rates trending lower; a breakdown of interest rates by FICO and interest rates by loan size is also provided. Source
When I profiled Orchard back in February, the company was just a few months old and fresh off a $2.7...
Orchard has been working for a long time on their new platform called Orchard Deals; the platform has been redesigned from the ground up and boasts more than just a secondary market; features include deal listings, capital management, advanced analytics, data services and news & insights; Peter Renton from Lend Academy spoke with Orchard CEO Matt Burton and outlines what’s new in the blog post. Source
Today, Orchard announced that their Orchard US Consumer Marketplace Lending Index will be distributed on the Bloomberg Professional Service. The index measures the...
In Orchard's December 30 Weekly Snapshot it highlights reports from Even, the Consumer Financial Protection Bureau and American Banker; in online lending stocks, Square reported the highest monthly return, trading at $13.73 for a gain of 6.11%; in UK listed stocks, the VPC Specialty Lending Fund led monthly returns with a gain of 8.01%; in US listed marketplace lending funds, the River North Marketplace Lending Fund had a one month return of -0.87%. Source
Every Saturday, I include links to the most interesting blog posts and news articles of the week. And most Saturdays...
Orchard provides insight on monthly trends in P2P lending originations; uses Lending Club's publicly available standard program data for the analysis; finds October has historically been the peak month for P2P loan originations; identifies loan purpose trends for 2015 with debt consolidation notably highest in January; categories with peak lending originations in December in 2015 included major purchase, other and small business. Source