A to Z

USA

·Aug. 9, 2017

LendingClub’s CIO Provides Platform Update

Blog post outlines platform performance and improving delinquency rates across most grades and terms; provides perspective on the economic backdrop and interest rates; the company has updated their loss forecasts; projected returns are similar to last quarter with small increases for grades F and G. Source

Read Full Story

Fintech News Roundup USA

·May. 8, 2019

LendingClub, GreenSky and OnDeck Q1 2019 Earnings Results

We recap the earnings results from LendingClub, OnDeck and GreenSky; LendingClub is off to a good start in 2019 and...

Read Full Story

Fintech News Roundup USA

·Jan. 24, 2020

LendingClub’s Steve Allocca Comments on FICO’s New Scoring Model

Steve Allocca is skeptical that the announcement this week of FICO 10, the new credit scoring model from Fair Isaac,...

Read Full Story

Fintech News Roundup USA

·Apr. 1, 2020

LendingClub’s Update to Borrowers and Investors Amid COVID-19 Pandemic

Given LendingClub is a platform serving borrowers and investors there is a lot of transparency on what changes they are...

Read Full Story

Fintech News Roundup USA

·Mar. 26, 2019

LendingHome Announces First Securitization

Today the company announced its first syndicated, revolving securitization of residential transition loans; LendingHome issued approximately $208 million of non-rated,...

Read Full Story

News Roundup Online Lending USA

·Apr. 6, 2017

LendingHome Announces Individual Investors Milestone

Individual investors have now invested $100 million of the company's $1 billion funded; the investments have been growing at a fast pace with the platform launching in January 2016 and doubling its $50 million investment level from mid-October of 2016; LendingHome markets returns of 8.75% and requires a $50,000 opening balance with a minimum investment of $5,000; at the LendIt USA 2017 event the firm received the 2017 Top Real Estate Platform award. Source

Read Full Story

News Roundup Online Lending Real Estate USA

·Mar. 9, 2017

LendingHome Announces New Online Mortgage Product for Consumers

LendingHome will now offer an online mortgage product for consumers; LendingHome was launched in 2014 and has been funding short-term bridge and rental loans for property investors; the platform has funded over $1 billion in loans; features of the product include: an automated process, real time rates, loan guidance and real estate agent connectivity. Source

Read Full Story

News Roundup North America Online Lending Real Estate USA

·Nov. 16, 2016

LendingHome Funds $750mn in Mortgage Loans

Marketplace lender, LendingHome, has reached a new milestone; firm has funded over $750 million in mortgage loans since its launch in April 2014; claims to be the largest mortgage marketplace lender; firm attributes the rapid growth to a broader range of investors, now including retail investors, and the secured status of the real estate loans; Matt Humphrey, LendingHome CEO, shares additional thoughts in the included Q&A. Source

Read Full Story

News Roundup Online Lending Real Estate USA

·Dec. 9, 2016

LendingHome Reaches $1bn Milestone

LendingHome has reported over $1 billion in mortgage loan originations since it launched two and a half years ago; company is the leading marketplace lending mortgage loan originator in real estate; factors influencing the rapid growth include expansion to jumbo loans and a new investor platform for individuals; active in securitization, it has partnered with Nomura Securities International and developed the industry's first master trust securitization vehicle providing it with ongoing access to the securitization market. Source

Read Full Story

News Roundup Online Lending Real Estate USA

·Mar. 6, 2017

LendingOne Introduces Correspondent Program for Real Estate Lenders

LendingOne has launched a lending system for fix and flip lenders in the real estate industry; according to the firm's press release, the platform provides originators with advanced technology to streamline all aspects of the loan-underwriting, closing and servicing processes; with the launch, private lenders can now utilize the LendingOne system to offer more competitive pricing for borrowers; through the system lenders can also subordinate a portion of fix and flip real estate loans. Source

Read Full Story