LendInvest, a UK-based online marketplace for mortgages, announced on Friday it received a top rating from European Ratings Agency, ARC Ratings, for the fifth conservative year. According to LendInvest, ARC Ratings is a regulated European credit rating agency registered with the European Securities and Markets Authority (ESMA). The agency’s rating is based on a number of factors, which includes corporate governance, internal controls, due diligence, data disaster mitigation and the financial health of the company.
“Since it first rated LendInvest in 2015, the agency re-affirmed its SQ1 Servicer Quality Rating following a comprehensive review of the company. In particular, the agency assessed and rated the processes used by LendInvest to originate, underwrite and service high-quality property loans.”
Speaking about the latest rating, ARC Ratings stated:
“LendInvest has recorded consecutive years of profitability, secured substantial investments from institutional investors and established itself as the largest online marketplace for property finance and investing in the UK.”
Christian Faes, Co-founder and CEO of LendInvest, also commented:
“At LendInvest we are wholly focussed on developing our unique marketplace model to perfect the customer experience by delivering attractive products, whilst remaining innovative with our processes. Receiving the top rating from a respected agency like ARC Ratings for the fifth year running is a fantastic recognition not only of our robust internal infrastructure and rigorous approach to underwriting, but of our ability to grow as a business sustainably and fast.”
LendInvest went on to add that ARC’s review this year included recognition of LendInvest’s debut £259 million securitization of Buy-to-Let loans that was oversubscribed and closed earlier this month as demonstrating further the business’ core position in the alternative lending space. The securitization received an AAA rating from both Moody’s and Fitch.