Marketplace lending utilizes technology that allows lenders to process and evaluate loan requests in an accurate and timely manner. This enables them to both reduce their costs and streamline the process of loan approvals. Unlike traditional lending methods which earn...

The lending landscape has changed dramatically over the past few years. According to the Washington Post, as recently as 2011, Bank of America, JPMorgan Chase and Wells Fargo — the three largest banks in the country — were responsible for 50 percent of the loans in...