Chair of the Finance Department and Head of the Structured Finance Practice, Henry Morriello, and Partner in Kaye Scholer’s Finance Department, Lawton Camp, spoke recently with Structured Credit Investor (SCI) regarding how institutional investors boost marketplace lending securitization. In the article, Morriello and Camp comment on how marketplace lending securitization is set for takeoff, fueled by the proliferation of online lending platforms and an influx of institutional investor capital. The article notes, however, that increased visibility around credit criteria and better representation and warranties are necessary for the asset class to become mainstream.
"Technology start-ups are bringing incredible energy to the credit market. Marketplace lending platforms are highly motivated and will continue to grow in size as consumers recognize their utility," said Camp.
Morriello added, "The concept of using technology to bypass traditional methods to originate loans is attractive and there is a great need for this from under-served borrowers. The marketplace lending industry is only two or three years old, but it is growing at a rapid rate."
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