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Does this imply you expect to fund 100% of the loan book? Or dynamically assign individual loans between Level and other debt funders? (I spent a period as CRO
by stevesimmons 5y ago
Does this imply you expect to fund 100% of the loan book? Or dynamically assign individual loans between Level and other debt funders?
(I spent a period as CRO of a fintech lender... As our loan book grew, much of our energy went on managing the various debt covenants. They made sense for a steady-state portfolio, but were a real impediment to profitable growth... Please do reach out if you'd like to talk further; my email is in my profile).
- jetblowfish 5y agoWe buy as much or as little of the loan book that makes sense for both the customer and Level. So more on the individual loan level. We will definitely reach out in the coming weeks.