Mortgage marketplace lender LendingHome has surpassed the $1 billion mark in mortgage loans in the company’s third year.
LendingHome also unveiled a master trust designed to be used as a securitization vehicle.
The first two series issued were secured by mortgage loans totaling more than $71 million. Their three 2016 securitizations total $126 million.
Both deals were arranged and structured by Nomura Securities International.
“The structures we’ve created together are a significant competitive advantage and a key part of our broad capital strategy across whole loan, securitization, fund, and peer-to-peer channels,” LendingHome’s Matt Humphrey said.
The announcement closes a busy 2016 for LendingHome. In addition to the three securitizations, they launched an individual investor platform, switched to servicing loans in-house, introduced jumbo loans and grew revenue by more than 250 percent.
Like this article? Take a second to support us on Patreon!