[Editor’s note: This is a white paper from Diana Lande, Vice President, Asset-Backed Securities at Morningstar. Morningstar is a Silver sponsor at LendIt USA 2016, which will take place on April 11-12, 2016, in San Francisco. At LendIt, Diana will be moderating the representations and warranties panel.]
The perceived deficiency in representations and warranties offering transparency around credit quality, origination, and servicing is an often-mentioned barrier to mainstream rated marketplace-lending securitization. While marketplace-lending originators planning to securitize loans by issuing rated notes must provide basic ABS representations and warranties, Morningstar Credit Ratings does not consider the relative strength of representations and warranties alone to be a major barrier to ratability.
The host of this blog, LendIt, is the largest conference series dedicated to connecting the global online lending community. Our conferences bring together the leading lending platforms, investors, and service providers in our industry for unparalleled educational, networking, and business development opportunities. LendIt hosts three conferences annually: our flagship conference LendIt USA as well as LendIt Europe in London and LendIt China in Shanghai. Visit our home page to register for the next event and to subscribe to our newsletter.