We have analysed Lending Club’s origination figures for the first quarter of 2017 and are pleased to publish our commentary. Lending Club originated $1,959 million in loans, of which approx. 85% were purchased by institutions (40% banks, 33% managed accounts and a further 12% by other Institutional).

The trailing 12 months to 31st March 2017, has seen Lending Club originate $7,873 million in loans. Approximately 73% ($1,438m) of the total originations were prime loans, with borrowers having a minimum FICO score of 660. The prime loan originations are slightly down, by 2%, compared to Q4 2016. The average interest rates and net annualized returns for the quarter varied from 6.93% to 29.85% and 5.76% to 22.58% respectively. 65% of the originations were 36 months’ term loans and approximately 77% of the loans originated were of grades A-C.