One of the biggest U.S. mortgage lenders is looking to disrupt the disruptors in the market for peer-to-peer loans. LLC, founded by mortgage-banking veteran Anthony Hsieh, started offering its customers personal loans that are funded by matching investors with consumers who borrow over the Internet. Silicon Valley firms led by Lending Club Corp. and Prosper Marketplace Inc. have been using that model to upend the kind of direct-lending that banks and finance companies have done for generations.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.