LendingClub’s latest results noted growth in loan originations, a surge in repeat business — and cross-pollination efforts that management said reflect the ability to deepen, and lengthen, customer relationships. CEO Scott Sanborn noted on the conference call with analysts that originations were up 10% to...
LendingClub has sold more than $3 billion in loans through its Structured LendingClub Loan Certificate program since the launch of that program in April 2023. In this program, LendingClub retains the senior note and sells the residual certificate on a pool of loans to a...
LendingClub noted in its latest results that deposits on its balance sheet grew as customers gravitated to high-yield savings products, credit quality was strong — and embedded finance solutions may offer a new avenue of future growth. As detailed in the most recent earnings materials, deposits of $7.5...
LendingClub reported results that showed flat net interest income, but pressure on loan origination volumes — a trend that is likely to persist over at least the short term, per management commentary. Presentation materials and the earnings release show that loan originations in the most recent quarter...
June 17, 2024
LendingClub has sold more than $3 billion in loans through its Structured LendingClub Loan Certificate program since the launch of that program in April 2023. In this program, LendingClub retains the senior note and sells the residual certificate on a pool of loans to a marketplace investor at a predetermined price, the company said in […]
August 15, 2018
Despite having the chance to apply for banking licenses with the Office of the Comptroller of the Currency, many online lenders are proceeding with caution. According to Reuters, the OCC...
