Orchard reports on the diversity of business lending, breaking lending down by industry and state using data from Orchard; reports that they have the most data on retail trade followed by health care and social assistance, and construction; shares the concentration of lending of several industries by state. Source
In Orchard's January 6 Weekly Snapshot it notes the Consumer Financial Protection Bureau's actions against Equifax and TransUnion and its new updates to the Orchard Lendscape; data on publicly traded online lenders shows OnDeck with a monthly gain of 11.21% and Square continuing to report gains with a monthly return of 9.72%; in UK listed funds the VPC Specialty Lending Fund led gains with a monthly return of 10.07% followed by P2P Global Investments with a monthly gain of 8.84%; in the US the River North Marketplace Lending Fund reported a monthly return of -0.94%. Source
Orchard's Weekly Online Lending Snapshot for the week of October 27 focuses on new marketplace lending securitizations and the snapshot's new tracking for recent securitization issuances; other key data points from the week include Yirendai leading publicly-traded marketplace lenders with a monthly stock gain of 12.52% and the UK Ranger Direct Lending Fund continuing to lead among UK listed funds with a monthly gain of 6.46%. Source
Orchard provides insight on its Q4 2016 originations report which shows total originations of $2.1 billion; data for the Orchard report only includes originators on the platforms that have allowed their data to be shared publicly; from the report, Orchard shows an increase of 10% in originations from the previous quarter which is the first increase since Q4 2015; charge-offs appear to be trending slightly higher in 2014 and 2015 than in previous years which is likely a factor of the entrance of more subprime lenders and could also be the result of broadening credit models; the data also shows borrowing rates trending lower; a breakdown of interest rates by FICO and interest rates by loan size is also provided. Source
Orchard has announced a new data services partnership with investment bank, Sandler O'Neill; Sandler O'Neill provides investment banking advisory services for clients in the financial services industry; the partnership will provide access to Orchard's full suite of marketplace lending data analytics services for Sandler O'Neill and its clients making Sandler O'Neill a leading investment advisory service for financial institutions considering bank partnerships. Source
Sandler O'Neill clients will soon get access to Orchard's suite of data analytics products thanks to a new partnership between the two firms; Lend Academy talked with Orchard to provide more insight on the partnership; clients of Sandler O'Neill include community banks, thrifts and specialty finance institutions; Orchard's Chief Commercial Officer Bill Ullman says the data partnership will provide expertise to help them evaluate investment opportunities in the online lending market. Source
Orchard provides some marketplace lending observations and lessons from 2016 in their featured blog post; cites comprehensively integrated risk management controls as essential; notes data quality as an important factor for investors; also says developing solutions for increased investor liquidity will be an increasingly important factor for investors as the industry evolves. Sponsored Blog Post
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