Earnings season is in full swing and today LendingClub announced their results for the 2018 year. The numbers were quite strong in most areas with the company originating $10.9 billion in new loans in 2018, up 21% year over year and a new high water work in yearly originations. For Q4 loan originations were $2.87 […]
Today’s News
- JPMorgan Builds Cloud Engineering Center in SeattleJPMorgan has come to understand how important cloud computing is to the future of the bank; they recently created a cloud computing hub in Seattle where they hired 50 people with plans to hire 50 more soon; JPMorgan was struggling with how they would find the talent for their plans, they found moving to Seattle […]
- SoFi Offering Brokerage Services NowSoFi is now offering brokerage services to the public a spokeswoman there has confirmed; there is an active investing option on the SoFi Invest page for trading individual stocks and ETFs, and there are no transaction fees; SoFi is looking to compete with the likes of Robinhood for free stock trades; they already offer an automated […]
- Aspiration Launches Spend & Save Account with Environmental TwistDigital bank Aspiration has created a new spend & save account which is similar to a high yield checking account; the new account will offer 2 percent APY on deposits and be insured up to $250,000; the company also says the new account is focused on deposits being fossil fuel free; Aspiration has created an […]
LATEST PODCASTS
Podcast 187: Nima Ghamsari of Blend
For many people the mortgage application process is the most stressful of all financial transactions. It is fraught with challenges and obstacles as lenders often require a huge amount of documentation before approving a loan. But this cumbersome process is slowly changing as fintech companies address mortgage lending head on. Our next guest on the […]
Podcast 186: Susan Ehrlich of Earnest
The student loan refinancing space didn’t exist 10 years ago. Now, with the outstanding total of student loans reaching $1.5 trillion, tens of billions of student loans have been refinanced in the past decade saving students hundreds of millions of dollars in interest. Our next guest on the Lend Academy Podcast is Susan Ehrlich, the […]
Podcast 185: Jeffrey Meiler of Marlette Funding
The marketplace lending industry began with personal loans and it is still our biggest vertical when it comes to loan volume. Much of this volume has actually gone to consolidate credit card debt. Which is one of the reasons why many companies look to the credit card industry for expertise. Our next guest on the […]