LoanDepot Adds Performance Data to Orchard Lending Index
Marketplace lender loanDepot tied up with analytics firm Orchard to integrate its data into its U.S. Consumer Marketplace Lending Index which measures the overall performance of U.S. consumer marketplace loans.
The index allows investors to calculate returns based on charge-off and industry growth rates and is distributed through the Bloomberg Professional Service. In May last year, California-based loanDepot entered the marketplace lending market, moving beyond mortgages and launching its first unsecured personal loan product. Through its lending platform, it offers personal loans, purchase and refinance, and home equity loan products.
“As online lending continues to grow in size and importance, access to transparent and unbiased, benchmarked data will become more important to investors as they evaluate opportunities,” said Brian Biglin, chief risk officer at loanDepot. “We’re excited to showcase our portfolio on the Orchard platform as an attractive option to investors interested in specific loan types, borrower profiles and risk and return potential.”Last modified: February 29, 2016