What it Takes to Securitize: Securitization in Marketplace Lending

Panel entitled, "What it Takes to Securitize: Securitization in Marketplace Lending." Panelists include: David Johnson, First Associates; Valerie Kay, Lending Club; Karan Mehta, Marlette Funding; William Black, Moody's; Steven Moffitt, Goldman Sachs; Moderator: Bruce Bloomingdale, Cadwalader, Wickersham & Taft. Recorded at LendIt USA 2017.

The securitization market in marketplace lending continues to strengthen as more lenders utilize this capital route; the LendIt USA 2017 panel on securitization talked through the market conditions and what it takes to do a deal; the panel went through the challenges faced in 2016 and how the industry has come back looking stronger; the industry has gotten back to the fundamentals which are a cornerstone of securitization deals; the vast majority of deals are made up of unsecured consumer loans, but other asset classes including mortgages, student loans and auto have been coming to market; topics touched upon also included barriers to success, vertical versus horizontal interests and the effects of risk retention on the overall market.