SoFi Originated a Record $10.7 Billion in Personal Loans Last Quarter. Here's Where That Credit Risk Actually Sits.
Key Points As of June 30, SoFi’s balance sheet held $28 billion in personal loans, representing 57% of the total lending book. Personal loans are frequently sold or securitized to third-party investors, but this doesn’t insulate the business from possible financial losses. Although SoFi …