08 May, 2017, 08:40 ET
NEW YORK, May 8, 2017 /PRNewswire/ -- dv01, the reporting and analytics platform that brings transparency to lending markets, today announced a reporting partnership with SoFi, a modern finance company taking an unprecedented approach to lending and wealth management. Institutional investors who use dv01 to conduct analysis on consumer loans and bonds will now have access to all SoFi securitizations, including student and personal loans.
"We're excited to partner with SoFi in bringing further transparency to their securitization process," said Perry Rahbar, founder and CEO of dv01. "By integrating SoFi's data onto dv01's platform, we make the process of analyzing and buying SoFi bonds more efficient for institutional investors. This is a key step in increasing overall transparency in capital markets."
SoFi is a leader in online lending and securitization, having securitized over $10 billion of loans since 2013. Under the first phase of the partnership, dv01 will receive securitization data directly from SoFi, which it will normalize, format, and roll up for monthly level reporting. The data, which includes 23 historical deals, will be available through the Securitization Explorer, dv01's online reporting and analytics portal for consumer securitizations.
Investors who have been approved to view SoFi data will have 24/7 access to updated loan level performance and composition details, as well as a suite of reporting and analytics tools. dv01 will be responsible for updating deal collateral data monthly, so investors can continue to track the evolution of a pool over time, even after the deal has closed.
"Like dv01, SoFi is committed to transparency," said Nino Fanlo, President and CFO of SoFi. "Our partnership with dv01 allows us to offer our investors the most efficient way to access and analyze our data, while also bringing efficiency to our internal workflows."
dv01 has provided similar reporting services for several other online lenders, overseeing an aggregate securitized collateral balance in excess of $7 billion. The company launched its dedicated Securitization Explorer tool in February, and since then has also announced its role as Loan Data Agent for the Prosper Marketplace loan purchase consortium led by Jefferies LLC, Soros Fund Management, Third Point LLC, and New Residential Investment Corp, a Fortress Investment Group REIT.
dv01 is a reporting and analytics platform that offers institutional investors transparency and insight into consumer lending markets. To date, dv01 has provided reporting and analytics on $55 billion of marketplace loans, representing >90% of the market. With a focus on data management and transparency, dv01 is committed to expanding its offering from marketplace lending to the $12 trillion consumer and mortgage lending markets. Learn more at dv01.co.
SoFi is a new kind of finance company taking a radical approach to lending, wealth management, and insurance. From unprecedented products and tools to faster service and open conversations, we're all about helping our members get ahead and find success. Whether they're looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. For more information, visit SoFi.com.
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