Business ToolsMarlette Funding Announces MAPT, A New Pass-Through Program

MAPT is the latest capability the business has implemented to create a frictionless experience for customers and investors alike
FintecBuzz FintecBuzz4 weeks ago283 min

Today, Marlette Funding, LLC, developer and operator of Best Egg Personal Loans, announced it will be implementing a new pass-through securities program [Bloomberg ticker: MAPT] that will provide qualified investors a new format to invest in securities backed by Best Egg personal loans. MAPT will provide single-tranche securities that are tradeable (with a CUSIP) and settle through DTC.

“MAPT provides an avenue for investors to gain exposure to our high-quality loans in a liquid and easy to understand format,” shared Karan Mehta, Head of Capital Markets at Marlette Funding. “As the market expands, Marlette is focused on continuing its commitment to diversify how our investors can obtain loans and enhance our ability to fund Best Egg personal loans so more qualified customers can receive access to credit.”

In addition to arranging to finance via MAPT, Marlette has also implemented recent updates to benefit their customers. Recently, the platform integrated with LoanPro to offer Best Egg customers more flexible repayment options, real-time payment processing, and improved customer user-interfaces for self-service channels. Additionally, LoanPro’s technology provides a customizable feature set, high-quality security, and robust automation tools that ensure that the Best Egg customer experience continues to lead the consumer loan industry.

“At Marlette, our focus remains to make the personal loan experience as frictionless as possible, whether that process is to gain access to credit or invest in our company,” stated Jeffrey Meiler, CEO of Marlette Funding. “With a new financing capability and integrating with LoanPro, we are continuing to optimize the Best Egg experience to help meet the needs of our investors and customers.”



Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech has redefined the banking and financial services to the next level. With the regular emerging trends surrounding the fintech arena, it gets difficult for CFO’s and tech-finance people to keep a hold onto the latest trends along with the added complexity of deciding what helps and what not. This is where we emerged for a solution. We are one of the world’s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it our press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the most apt trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way.

FintecBuzz, 2019 © All Rights Reserved