DriverUp: — Launch fourth generation scorecard and credit model — Increase rate of new loan originations to \ $ 300MM annually — Grow marketplace investment balances by at least 50 % and diversify other funding sources (blog.lendingrobot.com)
Lending activity highlights around the country include $ 54.8 million for residents on the West Coast; $ 29.2 million in new loan originations in the DC Metropolitan area; $ 23.6 million for the New York cooperative market; and $ 19.4 million to cooperatives located in other markets throughout the US. (nreionline.com)
For new loan originations, there is a 2 % origination fee, which is added to the principal balance of the loan at the time the loan proceeds are disbursed, and will be repayable as part of the repayment term of the loan. (commonbond.co)