Tagged: marlette funding

Consumer Lending Platform Best Egg Exceeds $5 billion & Celebrates Fourth Birthday

Marlette Funding, LLC, the owner of consumer lending platform Best Egg, announced on Monday the year-end results and key accomplishments for first quarter 2017. According to Marlette Funding, during the past year, Best Egg experienced origination growth of 66%, significantly reduced its customer acquisition costs,… Read More

Marlette Funding Completes $464.3 Million Securitization Transaction & Appoints New CFO

Marlette Funding, LLC, an online consumer lending platform, service provider, and the parent company of Best Egg, announced on Monday it closed its fifth proprietary “MFT” securitization.  According to the company, approximately $495 million of Best Egg loans were financed via $464.3 million of MFT 2018-1 Notes with four… Read More

Marlette Funding Closes $369 Million Securitization of Consumer Loans

Marlette Funding, LLC, an online consumer lending platform and service provider, has closed its third securitization from its proprietary “MFT” shelf. Marlette states that approximately $369 million of BestEgg unsecured personal loan collateral was financed via three classes of Notes and one class of Certificates with… Read More

Marlette Funding Completes $333 Million Securitization Transaction

Online consumer lending platforms and services, Marlette Funding, announced on Friday it completed its second proprietary “MFT” securitization. The lender reported that approximately $333 million of Best Egg collateral was financed through the transaction. According to Marlette Funding, the transaction was significantly oversubscribed and successfully… Read More

Stop Stacking: ID Analytics & the Online Lending Industry Partner to Halt Borrowers Who Take Out Multiple Loans

Stacking is a significant challenge for the online lending industry. While most consumers are responsible individuals who only want to borrower what they can afford, there is a segment of society who are challenged to manage their finances. The advent of online lending has made… Read More

Brief: Marlette Funding Completes $205M Securitization Transaction

On Wednesday, marketplace lending platform, Marlette Funding, announced the closing of its first proprietary “MFT” securitization. The company reported that approximately $205 million of Best Egg collateral was financed through three classes of notes and one class of certificates with the loan sellers retaining a portion… Read More

Marlette Funding Appoints Prosper’s Former COO & CRO Josh Tonderys As President

Marlette Funding, LLC, a marketplace for Best Egg unsecured personal loans, announced this week that it has appointed Prosper’s former COO and CRO, Josh Tonderys, as its new president. Prior to joining Prosper, Tonderys worked at Barclaycard US where he led their open market credit card… Read More

Crowdnetic Launches Automated Loan Platform “Marketplace Lending Gateway”

Crowdnetic, a provider of technology and market data solutions to the marketplace lending industry, today announced the launch of “Marketplace Lending Gateway” (“Gateway”), a centralized technology platform that connects loan applicants from banks and retailers to alternative funding sources through a real-time matching and allocation… Read More

Marlette Funding Raises $75M in Equity for Future Growth

Marlette Funding, LLC, a marketplace for Best Egg unsecured personal loans, recently announced that it raised $75 million in equity funding to accelerate growth, further its partnership agenda and begin putting loans on its own balance sheet. The round was led by Invus Opportunities, a diversified… Read More

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