Leading Online Lender Provides Investors with Access to Independent Loan Level Validation Tools to Support Growth
NEW YORK, NY / ACCESSWIRE / March 13, 2017 / Global Debt Registry (GDR), the asset certainty company known for its loan data validation expertise, today announced it has added leading online lending platform Avant to its verification network.
Investors in loans through Avant now have turnkey access to enhanced loan due diligence services and can easily add new data insights onto portfolios of loans without having to touch sensitive personally identifiable information (PII) about borrowers.
"GDR's innovative technology is focused on providing risk infrastructure to help the online lending industry grow by giving investors increased confidence," said Kevin Friedrich, Senior Director of Treasury, Avant. "We are delighted to partner with GDR to provide our investors with this independent loan data integrity service and help drive new transparency for the lending industry."
"We are thrilled to include Avant in our verification partner network," said Charlie Moore, President of GDR. "Avant's continued commitment to transparency as a leader in the industry goes hand-in-hand with our goal to provide investors with greater confidence in their online lending assets."
GDR's eValidationSM and eVerifySM asset certainty tools require no technology investment, using existing data structures and processes to streamline the flow of information from the lender to the investor. In addition to digital scanning for traditional document verification and data integrity, GDR securely analyzes the Personally Identifiable Information (PII) to ensure borrower data can be independently confirmed in compliance with the investors representations and warranties.
About Global Debt Registry ("GDR")
GDR is a Private Equity backed FinTech company that provides asset certainty for institutional investors and warehouse lenders in the online lending market. GDR ensures that the data underlying loans is real and accurate by validating loan information against trusted third-party data sources. GDR's tools help both investors and warehouse lenders better manage risks associated online consumer loans and enable online lenders to attract more permanent capital. The Company is backed by a $5 Billion private equity firm and is led by a team of senior executives from Thomson Reuters, Bank of America, and Barclays. Further information can be found at www.globaldebtregistry.com.
Avant is an online lending platform that is the leading provider of credit alternatives to middle income consumers in the US and UK. Avant offers access to unsecured personal loans ranging from $1,000-$35,000 with funding as soon as the next business day, and has served more than 500,000 customers worldwide. Avant offers its technology solutions to bank and non-bank partners via its Powered By Avant product to provide an innovative digital lending experience to their customers. Avant, founded in late 2012, has raised over $600 million of equity capital and originated over $4 billion of loans on the platform.
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SOURCE: Global Debt Registry