Join us for networking, fine food, and drinks at the historic Green Dragon Tavern with Southern California's consumer finance, investment banking, automotive finance, marketplace lending and FinTech professionals.
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Just six months ago, Lending Club lost more than half of its value after its iconic CEO was involved in one of the biggest scandals in the financial tech industry. Now the company is staging a comeback, with shares jumping nearly 18% on Monday after reporting better-than-expected quarterly results and announcing a major partnership with the National Bank of Canada
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No one will ever tell you that raising capital is easy, but until you actually step into the ring, it's difficult to fathom just how tough fundraising can really be. It's impossible to prepare for every single curve ball fundraising might throw at you, but as a savvy entrepreneur, it's wise to familiarize yourself with the common challenges and learn how seasoned entrepreneurs have overcome those obstacles in the past
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The Fed's latest consumer credit report revealed that in September, overall household credit rose by a greater than expected $19.3 billion, above the $18 billion expected, if below last month's near-record $26.8 billion.
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LoanDepot, founded by Anthony Hsieh less than 7 years ago, has become the 5th largest mortgage lender by volume according to the most recent report by Inside Mortgage Finance. In 2015, loanDepot was acknowledged as the 7th largest retail mortgage provider. Joining loanDepot in the top 5 ranking are the well-known names of JP Morgan Chase, Bank of America, Wells Fargo and Quicken Loans. LoanDepot states it has experienced 400% annual market share growth and 70% annual year over year growth since launch
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If you can't beat 'em, gang up on 'em. Online lenders' struggle with fraud is driving them to join new networks designed to find links between fraudulent loan applications and signs of loan stacking. Lending Club, Prosper Marketplace, Marlette Funding and Avant are among those that have joined such a group in the past month
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