Tagged: howard katzenberg

Online Lender Better Mortgage Appoints Former OnDeck Employee Howard Katzenberg As New Chief Financial Officer

Better Mortgage, a digital mortgage company working to improve access to home financing through transparency, honest guidance, and zero commissions, announced on Monday it has appointed Howard Katzenberg as its new CFO. According to Better Mortgage, Katzenberg was the CFO of small business lending platform OnDeck… Read More

OnDeck Appoints Kenneth Brause As New Chief Financial Officer

Online lending platform for small businesses OnDeck (NYSE: ONDK) announced it has appointed Kenneth Brause as its new Chief Financial Officer, effective March 26th, as part of a mutually agreed upon transition process. The lender reported that current Chief Financial Officer, Howard Katzenberg. Katzenberg will serve as an advisor to… Read More

Big Announcement for OnDeck: Receives $200 Million Revolving Credit from Credit Suisse

OnDeck (NYSE: ONDK) announced on Friday the closing of a $200 million asset-backed revolving debt facility with Credit Suisse. The online lender revealed with the announcement it now may obtain funding under the new credit facility with Credit Suisse by accessing $125 million of committed capacity and an additional $75 million of… Read More

OnDeck Releases 2016 Third Quarter Results

On Thursday, online lender for small business OnDeck (NYSE: ONDK) released its 2016 third quarter results. The platform shared that the report revealed its Loans Under Management saw an increase of 44% year-over-year to $1.1 billion, Originations by 27% to $613 million, and gross revenue by 15%… Read More

Orchard & OnDeck Partner on Reporting for Institutional Investors

OnDeck (NYSE: ONDK) and Orchard Platform have signed an agreement where Orchard will provide a scalable solution to manage the  reporting for institutional investors purchasing loans via the OnDeck Marketplace. The agreement will also provide OnDeck with access to the entire Orchard for Originators product… Read More

OnDeck Prices New Fixed Rate Notes in a Securitization Transaction

OnDeck (NYSE: ONDK), an online lending platform for SMEs, announced this week it has priced $250 million initial principal amount of Series 2016-1 Fixed Rate Asset-Backed Notes in a private asset-backed securitization transaction. The lending portal stated that the Notes will be issued in two classes that will consist of… Read More

OnDeck Reports Loan Origination of $369 Million for Q4; $1.2 Billion for 2014

On Deck Capital, Inc. (NYSE: ONDK), reported earnings this week alongside P2P industry leader Lending Club.  This is the first quarterly releases for OnDeck since the platform listed shares on the NYSE this past December. On Deck is a peer to peer lending platform that focuses… Read More