Mortgage marketplace lender LendingHome announced on Thursday it has appointed Michel Bourque as its new CEO and has secured $75 million through its Series E investment round, which was led by Benefit Street Partners. According to LendingHome, Bourque will assume day-to-day leadership of the company and… Read More
Mortgage marketplace lender LendingHome announced on Tuesday it has completed its first syndicated, revolving securitization of residential transition loans, issuing approximately $208 million of non-rated, asset-backed securities. According to LendingHome, the transaction totaled approximately $219 million in aggregate and was structured with a two-year revolving… Read More
Mortgage marketplace lender LendingHome announced on Tuesday it surpassed $3 million in loan originations. The milestone news comes just little over eight months after the online lender surpassed $2 billion in loan originations. Founded in 2013 and began lending in mid-2014, LendingHome states it has the online… Read More
Less than a week after announcing its new office in Pittsburgh, real estate marketplace lending platform LendingHome announced it has surpassed $100 million in monthly loan volume and secured $57 million during its Series C-2 funding round, which included participation from Sberbank and Noah Holdings Limited. … Read More
Marketplace lending platform LendingHome announced on Wednesday it has expanded operations by opening its new office in Pittsburgh. The online lender revealed it plans to bring a total of 50 well-paying financial technology jobs to Pittsburgh over the next year. Co-Founder and CEO Matt Humphrey, who is Pittsburgh native… Read More
AngelList has announced the creation of Angel Funds. These funds are designed to be the easiest way to start a “full-fledged” venture fund. Using their back-end technology, these investment vehicles can scale more rapidly minus much of the back office hassle. The funds operate like… Read More
LendingHome says it is ready to ratchet up platform growth. The marketplace lending platform that finances residential mortgages has made two announcements today. First, the online lender has announced that former Nationstar Mortgage CFO, Robert Stiles, has been appointed to become LendingHome’s CFO. Simultaneously, LendingHome… Read More
Marketplace lender LendingHome announced on Wednesday its investor platform has successfully hit its $100 million invested milestone since its debut in January 2016. According to LendingHome, the investor platform gives accredited investors access to a marketplace with the same short-term, high-yield real estate assets that… Read More
CreditEase Wealth Management announces on Monday its Offshore Private Credit Fund (OPCF) has invested a total of $30 million in two transactions with OnDeck and LendingHome. This announcement comes just one year after the fund made its first investment in Avant and Prosper. According to… Read More
Marketplace lender, LendingHome, announced on Thursday it has launched its next-generation one-stop online mortgage that is designed specifically for the needs of first-time homebuyers. The online lender claims that its online mortgage is the first to prioritize the customer experience by putting control over the process… Read More
LendingRobot has officially launched their next big vertical: a Robo-Hedge Fund for alternative lending. Crowdfund Insider initially wrote about the forthcoming Robo-fund when we uncovered an SEC filing for a pooled investment vehicle last November. While the filing became public at that moment, the “LendingRobot… Read More
LendingHome, has exceeded $1 billion in mortgage loans. The online lending platform launched two and a half years ago and has claimed the title as fast growing mortgage marketplace lender. It was only last month that Crowdfund Insider reported that LendingHome had originated $750 million… Read More
LendingHome is a niche online lender that is focused on the mortgage market. In a relatively short period of time, LendingHome has gone from zero to well over $700 million in residential mortgages. The mortgage market is huge. FBR& Co. recently estimated that $1.9 trillion… Read More
Mortgage marketplace, LendingHome, announced on Wednesday it had appointed Cynthia Chen as its new chief risk officer. Chen has over ten years of experience in providing risk and mortgage underwriting leadership and has held position at various financial institutions including Fannie Mae, Washington Mutual, Ally Bank, and… Read More
On Monday, mortgage marketplace, LendingHome, announced at LendIt 2016 that it has funded over $550 million in mortgage loans and grew loan originations six times in 2015 vs. 2014. LendingHome notably serves borrowers looking for financing to purchase or refinance residential real estate properties. At the same time, it serves… Read More
It is clear that peer-to-peer (P2P) lending is here to stay but long gone are the days of actual “peers” lending to “peers.” Today Wall Street firms, hedge funds and other “big money investors”, make up the overwhelming bulk of the funds being lent through… Read More
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