LendingPoint, a near prime lender, has significant room for growth with the closing of their latest credit facility; the company...
LendingPoint is a near prime lender; in the interview the LendingPoint team discusses how their algorithms work to take thousands of attributes to determine which ones are most predictive; the company is now partnering with hospitals for patients to obtain credit on the spot; LendingPoint originated around $28 million in loans in October with about 60% of applications coming through mobile devices. Source
The head of NetCredit, a division of Enova, talks about their underwriting, bank partnerships, the human touch in credit and more. Source