Auto Finance News reported exclusively on Edge Focus’s joint venture with a large private credit manager to buy up to $500 million of consumer auto loans.
Under the partnership, the private credit partner is committing up to $500 million to purchase consumer auto receivables sourced through the joint venture, and Edge Focus is committing capital alongside it. Each loan is underwritten with Origin, Edge Focus’s consumer loan underwriting platform, and monitored after purchase with Lens, its portfolio analytics platform. Edge Focus expects to evaluate more than $10 billion of auto loan opportunities over the next year as it grows its consumer auto loans program.
Read the press release: Edge Focus Expands Auto Program with Large Private Credit Manager