IRVINE, Calif., Dec 1, 2015 /PRNewswire/ -- loanDepot, America's lender, today announced the closing of a $150 million securitization of its popular unsecured personal loans accessed by consumers on loanDepot.com. This $150 million securitization was structured and sold by Jefferies, a global investment banking firm. In the first six months since launching its first nonmortgage product, more than $250 million in loanDepot personal loans were funded to nearly 17,000 borrowers nationwide. The company's personal loan applications have increased by nearly 25 percent each month since July on average. "Demand from our customers requesting a personal loan is very strong and growing," said...
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