LoanMe is pleased to announce the completion of its first Prime 15 year consumer unsecured loan securitization. The company is led by CEO Jonathan Williams and a team of industry veterans. LoanMe tapped Performance Trust for securitization duties. "Performance Trust provides a unique combination of access to investors," Mr. Williams said. "Their deep reach into the country's community financial institutions market as well as outstanding penetration into the more traditional institutional investor market made them an ideal partner for our transaction."
Performance Trust is increasingly seen as the go-to Capital Markets partner for first-time, unique or less understood asset types, as they frequently employ innovative structures. Mike Kelly leads the Capital Markets business at Performance Trust. "Our 24-year history of focusing on client education and putting their interests first was critical in helping Jonathan and his team get their first securitization successfully completed," Mr. Kelly said. "We are passionate about delivering outstanding funding solutions to originators while creating high quality assets for our core customer base."
Servicing Solutions, LLC was named as Servicer on the transaction.
LoanMe , located in Anaheim, California, is a state licensed unsecured lender providing both Consumer and Small Business loans. LoanMe has originated approximately $1.2Billion in Unsecured loans across numerous states since its inception in 2014.
About Servicing Solutions
Servicing Solutions is powered by compliance, technology, analytics, and a management team of experienced industry leaders that are impassioned to protect the value of your brand, portfolio, and investment. Headquartered in Irving, Texas, Servicing Solutions has additional Class A call center facilities in Anaheim, California and Tijuana, Mexico. The company's core management team has been intact for the past 13 years and has serviced assets across the credit spectrum. This has led to a powerful loan servicing organization with core advantages in compliance, technology and analytics, training and scalability.