LendingClub's Structured Certificates Program Surpasses $3 Billion in Loans Sold
LCLendingClub(LC) PYMNTS.com·2024-06-18 08:34

LendingClub has sold more than $3 billion in loans through its Structured LendingClub Loan Certificate program since the launch of that program in April 2023.In this program, LendingClub retains the senior note and sells the residual certificate on a pool of loans to a marketplace investor at a predetermined price, the company said in a Monday (June 17) press release.“Our structured certificates program is gaining strong momentum among our loan investors because they recognize the value of consumer credit a ...