visimoney
TLDR:
Key Points:
- Dan Arlotta, Senior Vice President at Garnet Capital Advisors, discusses the evolution of loan buying in the fintech space over the past decade.
- Fintech loans are compared to traditional banks and credit unions in terms of performance and activity in non-performing loans.
Article Summary:
Dan Arlotta, Senior Vice President at Garnet Capital Advisors, shares insights on the fintech loan portfolio sales. He discusses the evolution of loan buying in the fintech space, comparing it to banks and credit unions. The focus is on the activity in non-performing loans, the impact of tightened credit boxes, high-interest rates on buyer activity, and the types of buyers Garnet works with. Arlotta emphasizes best practices for lenders looking to engage in secondary loan transactions, highlighting the importance of data transparency and setting clear goals. He also provides an outlook on the state of the market for the upcoming months, expecting more supply of commercial fintech products and an increase in deals activity. Overall, the article sheds light on the dynamics of fintech loan portfolio sales and offers valuable insights for industry professionals.
