Remove 2016 Remove Origination Remove Underwriting
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Sub-Prime Lending’s Late-Year Bounce

PYMNTS

In the year between Q2 2017 and Q2 2018, sub-prime consumer loan originations grew 28 percent between Q2 2017 and Q2 2018 across the categories of auto loans, mortgage loans and credit cards. This reverses the previous year’s trend, between 2016 and 2017, when sub-prime loan originations across categories fell by 7.1

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LendingClub Reports Record Revenue, Originations In Q2

PYMNTS

After OnDeck announced that it had notched better-than-expected earnings and loan volume, LendingClub followed suit with with a report that saw the firm beating Wall Street’s estimates for earnings and new originations. That growth came despite widening net losses and an environment where interest rates are beginning to climb. “We

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Payday Lending’s Long, Strange Trip Through 2016

PYMNTS

Arguments about payday loans have a habit of quickly devolving from polarized to outright acrimonious pretty quickly — and 2016 has seen that habit get very, very ingrained. Luckily, we have a handy roadmap right here — the PYMNTS PayDay Loan Chronicle 2016. Spoiler: The situation is more complicated than you’ve heard.

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Earnix Enters Strategic Collaboration with NTT DATA

Finovate

The partnership will help property and casualty insurers enhance the pricing, rating, and underwriting process, as well as increase policy personalization. Israel-based Earnix made its Finovate debut at FinovateSpring 2016. Headquartered in Tel Aviv, Israel, and founded in 2001, Earnix made its Finovate debut at FinovateSpring 2016.

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Nimbla Teams With Wiserfunding To Safeguard Invoices

PYMNTS

The task force was looking to “offer an origination and underwriting platform that will allow banks, alternative lending platforms and private debt lenders to digitally allocate funding to businesses during the global coronavirus (COVID-19) outbreak,” according to the report.

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Mortgage Tech 101: What It Is & Why It’s Taking Off Now

CB Insights

By the end of 2017, nearly $1.8T worth of mortgages will have been originated in the United States this year, according to government-backed mortgage lender Freddie Mac. Originating, processing, and underwriting a home loan with a large bank lender still requires faxes and snail mail and take almost as long as it did 20 years.

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Pagaya Uses AI to Help U.S. Bank Customers Qualify for Unsecured Loans

Finovate

Bank is using technology from Pagaya to help underwrite unsecured personal loans. Pagaya’s AI model generates underwriting recommendations and completes a secondary credit decisioning review of borrowers who were originally rejected. Bank will originate and service the loan. If Pagaya approves the borrower, U.S.

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