The CEO of Lending Club has given some context to his mortgage plans by saying that his company is not focusing on any particular niche in the mortgage market, but rather looking to improve the whole process. Whilst in personal loans Lending Club saw an opportunity to lower the cost of consumer credit, in mortgages the goal is not to provide lower-priced credit, but to make the experience less stressful for customers. Lending Club, which has more than doubled its loan volume in each of the last four years, is scheduled to release its second-quarter results late Tuesday. In a blog post published last week, LendingClub’s chief executive Renaud Laplanche said he was “very bullish” about the company’s future and its ability to grow at a faster rate So I think that's where technology can make the process a lot faster and a lot easier."
The CEO of Lending Club has given some context to his mortgage plans by saying that his company is not focusing on any particular niche in the mortgage market, but rather looking to improve the whole process. Whilst in personal loans Lending Club saw an opportunity to lower the cost of consumer credit, in mortgages the goal is not to provide lower-priced credit, but to make the experience less stressful for customers. In a blog post published last week, LendingClub’s chief executive Renaud Laplanche said he was “very bullish” about the company’s future and its ability to grow at a faster rate So I think that's where technology can make the process a lot faster and a lot easier."