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LendingClub Grows LevelUp Base as Loan Originations Rise
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LendingClub Grows LevelUp Base as Loan Originations Rise
LendingClub closed the quarter with a sharp increase in lending activity as management pointed Wednesday night (Jan. 28) to increased traction in its LevelUp products. Loan originations rose 40% year over year to $2.6 billion, with all product lines contributing, according to earnings material. CEO Scott Sanborn said growth reflected product changes, marketing expansion and improved marketplace pricing, alongside what he described as s…
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