dv01, the reporting and analytics platform that brings transparency to lending markets, and Experian, the leading global information services company, today announced a strategic collaboration that will provide dv01 clients—including leading hedge funds, banks and asset managers—access to richer borrower credit attributes as they conduct performance analysis using dv01's suite of built-in tools.
"We're excited to partner with Experian to bring additional data transparency and actionable intelligence to the marketplace lending ecosystem," said Perry Rahbar, founder and CEO of dv01. "dv01 already has a robust set of tools for reporting and analysis, and this new influx of data will allow clients to better understand loan performance by enabling our tools to operate at their maximum potential. The more institutional investors know, the better their decision-making."
dv01 is in the process of mapping millions of borrower attributes from Experian's database to installment loans in client portfolios. The Experian data is anonymized. which will allow dv01 clients to begin to isolate external trends that might affect their portfolios' future performance or explain past behavior. Additionally, dv01 is acting as a data warehouse for select data sets that Experian offers investors for modeling purposes. By standardizing, streamlining and integrating these data sets into its platform, dv01 makes it easy for investors to model performance, as well as find fast answers around origination trends.
"Experian's powerful credit data combined with dv01's performance data on marketplace loans and portfolios allows institutional investors to surgically analyze risk and value based on borrowers' credit performance," said Alex Lintner, president of Consumer Information Services, Experian. "Borrower data allows investors to evaluate and analyze future performance in a way not previously possible, and this leads to smarter, more profitable decisions."
dv01 has aggregated performance data for more than $40 billion of loans from marketplace lenders including SoFi, Lending Club, Prosper, Marlette Funding, Avant, and CommonBond. By normalizing data across lenders, dv01 simplifies comparison and analysis, enabling institutional investors to study both pool and individual loan performance, as well as quickly detect issues within portfolios. To date, dv01 has raised $7.5 million of seed funding from Quantum Strategic Partners Ltd., Leucadia National Corporation and Pivot Investment Partners.