EVEN Financial’s Phill Rosen on Borrower Behavior

Phill Rosen spoke with Crowdfund Insider following the news last week of the company surpassing $1.5 billion in loan requests; according to Rosen, besides debt consolidation, weddings, auto and home improvement are the most popular categories for loans; average loan size is $10,551; Avant is the most popular platform by take rate followed by both Lending Club and Ascend who have high take rates according to Rosen; EVEN has seen a significant increase in demand since September which may be regular seasonal demand; for 2017, Rosen sees more consolidation for the space, followed by more growth.  Source