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Brismo partners with LendingClub to create 'industry standard' performance metricsSAN FRANCISCO, Feb. 20, 2019 /PRNewswire/ -- Brismo, the leading international provider of lending performance data, has today announced that standardized performance metrics are available representing the performance of loans made available through LendingClub*. Using granular loan level disclosure provided by LendingClub, the London-based data vendor has created standardized performance metrics that allow investors to compare the track record of the leading US consumer loan facilitator. This enables investors to review the performance of LendingClub loans alongside other leading facilitators in the non-bank lending sector, and to compare risk and return characteristics across multiple geographies and asset types. A consistent basis for analysis can improve decision-making across the investment process, allowing investors to bring efficiency to due diligence, risk management, risk monitoring, performance benchmarking and portfolio valuation. Commenting on the announcement, Valerie Kay, Chief Capital Officer of LendingClub, said: Rupert Taylor, founder and CEO of Brismo, explained: Lending Performance Analytics Brismo's analysis includes a complete historic track record in a format that is free from distortions relating to inconsistent facilitation growth rates or default profiles. Functions available include:
LendingClub was founded to transform the banking system to make credit more affordable and investing more rewarding. Today, LendingClub's online credit marketplace connects borrowers and investors to deliver more efficient and affordable access to credit. Through its technology platform, LendingClub is able to create cost efficiencies, and passes those savings on to borrowers in the form of lower rates and to investors in the form of potentially higher risk-adjusted returns. LendingClub is based in San Francisco, California. All loans are made by federally regulated issuing bank partners. More information is available at https://www.lendingclub.com Some of the statements above, including statements regarding anticipated future functionality are "forward-looking statements." The words "anticipate," "believe," "may," "outlook," "plan," "will," "would" and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include those factors set forth in the section titled "Risk Factors" in LendingClub Corporation's most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K, each as filed with the SEC. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. About Brismo: We work with market-leading facilitators of a wide range of loan assets - from SME and consumer through to real estate and receivables - across all major geographies. We cover over 65% of UK and European marketplace lending and around 40% of US marketplace lending. We bring efficiency to the market in loans by enabling loan facilitators to create credible performance metrics and investors to deploy capital more productively and cost effectively. More information is available at https://brismo.com/ CONTACT INFORMATION: LendingClub Brismo *LendingClub subscribes to services provided by Brismo.
View original content:http://www.prnewswire.com/news-releases/brismo-partners-with-lendingclub-to-create-industry-standard-performance-metrics-300798716.html SOURCE LendingClub |