SoFi Announces $697 Million Loan Secularization

SoFi says it has closed a $697.6 million secularization of loan platform business volume.This transaction, the company announced Monday (March 3), was a “co-contributor securitization” with collateral made up chiefly of loans previously placed with loan platform business partners.“As SoFi’s personal loan products resonate with more and more people, we see continued strong demand for our loans in the capital markets,” Chris Lapointe, SoFi’s finance chief, said in a news release. “This offering demonstrates t ...