Hedge Funds Use U.S. Credit to Expand Their Loan Portfolio
- A Hedge Fund, who only purchased consumer loans that fit a strict underwriting criteria, was looking for a way to purchase point-of-sale loans within home improvement.
- Concurrently, a bank in Kentucky was looking for a way to increase non-interest income. Although successful at originating, it needed a more efficient way to identify potential partners on a nationwide basis.
- U.S. Credit helped to connect the Hedge Fund and the Bank, allowing each to streamline the process of searching for loan opportunities, resulting in purchases of loans on a daily basis.