New York, Feb. 01, 2017 (GLOBE NEWSWIRE) -- PeerIQ, a leading provider of data and analytics for the online lending sector, today announced that Freedom Financial Asset Management, a subsidiary of Freedom Financial Network and one of the fastest growing marketplace lending platforms offering unsecured consumer debt, has adopted the PeerIQ Analytics Platform for enhanced loan data management, reporting, and portfolio analysis—for use by both Freedom’s capital markets team and institutional buyers of Freedom loans.
By adopting PeerIQ’s platform, Freedom Financial will leverage PeerIQ’s full suite of tools: investor dashboards, loan surveillance, portfolio benchmarking, automated reporting, credit facility monitoring, cash flow analytics, and loan performance modeling. Moreover, PeerIQ will offer the same tools for institutional investors to streamline diligence of Freedom’s loan data and monitor existing loan portfolios.
Finally, Freedom has tapped PeerIQ to serve as the independent “fair value” valuation provider for its asset management arm. Drawing upon its deep experience in credit and lending, including its strategic data partnership with TransUnion, PeerIQ launched its valuation service last year.
“At Freedom Financial, we’re constantly looking to better serve our institutional investors,” said Joseph Toms, President of Freedom Financial Asset Management. “Our partnership with PeerIQ allows us—and our investors—to access high-quality data and powerful tools to drive actionable insight. We considered multiple service providers, but selected PeerIQ due to the maturity of their solution set, as well as the hands-on credit experience and quantitative pedigree of the team.”
“We’re excited to be working so deeply with Freedom Financial,” said Ram Ahluwalia, CEO of PeerIQ. “This represents a key milestone for PeerIQ and validation that our integrated approach to product design best meets the needs of originators and investors alike.”
About Freedom Financial Network (www.freedomfinancialnetwork.com)
Freedom Financial Network, LLC (FFN), provides comprehensive consumer credit advocacy services. Through the FFN family of companies—Freedom Debt Relief, Freedom Financial Asset Management and Bills.com—FFN works as an independent advocate to provide comprehensive financial solutions, including debt consolidation and debt negotiation (settlement) services for consumers struggling with their finances. The company, which has resolved more than $5 billion in debt and assisted more than 300,000 clients since 2002, is an accredited member of the American Fair Credit Council, and a platinum member of the International Association of Professional Debt Arbitrators.
Based in San Mateo, California, FFN also operates an office in Tempe, Arizona. The company employs more than 1,400 people and was voted one of the best places to work in the San Francisco Bay area in 2008, 2009, 2012, 2013 and 2014, and in the Phoenix area in 2008, 2009, 2010, 2012, 2013, 2014, 2015 and 2016. FFN’s founders are recipients of the Northern California Ernst & Young Entrepreneur of the Year Award.
About PeerIQ (www.peeriq.com)
PeerIQ is a data and analytics company that is bridging the gap between online lenders and the capital markets, offering transparency, data validation, loan-level credit analytics, and valuation so that investors can invest with confidence. Meeting the needs across the credit funding cycle—from loan purchasing to financing to securitization—we work with industry leaders to unlock capital at scale. PeerIQ is backed by Uprising, Victory Park Capital, and Fenway Summer Ventures, as well as notable capital markets veterans such as John Mack, Vikram Pandit, Dan Doctoroff and Arthur Levitt.