Items Tagged with 'Personal loans'

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loanDepot closes first $150M securitization of personal loans

Demand for new personal loans takes off
The online mortgage lender officially moved into marketplace lending on May 13, becoming the first national nonbank lender to offer both home and personal loans nationwide. Since then, loanDepot has funded more than $250 million in personal loans, leading to the company’s first $150 million securitization of unsecured personal loans.
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loanDepot expansion plans now include home equity loans

What's next for the major mortgage lender?
loanDepot is once again making waves in the industry. After breaking the news that it was moving into personal loans earlier this year, this latest move from the nonbank creates an even larger and more diversified suite of products for the company.
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