NEW YORK, July 11, 2017 /PRNewswire/ -- dv01, the reporting and analytics platform that offers institutional investors transparency and insight into lending markets, today announced a partnership with Upgrade, Inc., the new consumer credit platform, whose founding team is led by Renaud Laplanche.
Under this partnership, all Upgrade investors will initially receive complimentary access to Upgrade data through dv01's reporting and analytics platform, including use of dv01's Portfolio Management solution. Investors will have a full suite of visualization tools at their disposal, making it simple to gain a high level portfolio overview or gather answers to complex questions involving loan composition, performance metrics, and credit metrics.
"We're excited that Upgrade chose to partner with dv01 at the very beginning of its working relationship with capital markets," said Perry Rahbar, founder and CEO of dv01. "This partnership ensures that Upgrade investors will have full transparency into their loan portfolios, as well as best-in-class tools to streamline reporting and analytics efforts."
dv01 will also act as loan data agent for Upgrade's securitizations, providing investors access to its Securitization Explorer, which includes loan level performance and composition details of upcoming deals, as well as reporting and analytics tools for use after a deal closes. Upgrade expects to access the securitization market on a quarterly basis.
"We intend to bring a new wave of innovation and increased transparency to both sides of the marketplace, consumers and investors," said Upgrade co-founder and Chief Executive Officer Renaud Laplanche. "In particular we are committed to increasing transparency for both whole loan buyers and securitization investors. Our partnership with dv01 will provide institutional investors access to the most up-to-date Upgrade data available—including monthly refresh of credit bureau information—and the tools necessary to analyze that data efficiently."
dv01 has provided similar securitization reporting and portfolio management services for several online lenders, including Lending Club, Prosper, CommonBond, SoFi, and Marlette. To date, dv01 has offered investors insight into $9 billion of securitizations and more than $55 billion of online loans, comprising >90% of the total market.
Upgrade is a new consumer credit platform that combines a marketplace lending approach with tools that help consumers understand and monitor their credit. Upgrade is based in San Francisco, California with offices in Phoenix, Arizona and Montreal, QC, Canada. Upgrade does not facilitate loans to residents of Colorado, Connecticut, New Hampshire, Oregon, Vermont, Massachusetts, Iowa, and West Virginia. More information is available at: http://www.upgrade.com.
dv01 is a reporting and analytics platform that offers institutional investors transparency and insight into lending markets. To date, dv01 has offered investors insight into $9 billion of securitizations and more than $55 billion of consumer, small business, real estate, auto, and student loans (>90% of total) from the largest online lenders, including Lending Club, Prosper, and SoFi. Learn more at dv01.co.