LoanDepot closes first $150M securitization of personal loans

The online mortgage lender officially moved into marketplace lending on May 13, becoming the first national nonbank lender to offer both home and personal loans nationwide. Since then, loanDepot has funded more than $250 million in personal loans, leading to the company’s first $150 million securitization of unsecured personal loans.

Source: LoanDepot closes first 0M securitization of personal loans