LendingClub Corp (LC) has begun underwriting and originating home improvement loans through a partnership with Wisetack, the company said on Monday.
The company will offer loans of up to $65,000 through Wisetack's network, while enabling real-time credit decisions and supports access.
LendingClub said the move targets the $500 billion U.S. home improvement market, using its credit models and balance sheet to expand lending opportunities.
The companies also plan to scale the partnership further, with LendingClub having made an investment in Wisetack.
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