Marlette Funding marks another profitable year

Marlette Funding, LLC, developer and operator of the consumer-lending online platform for Best Egg personal loans, this week announced preliminary year-end results and key accomplishments for 2018. For the second consecutive year, the company achieved GAAP profit in the double-digit millions with an estimated profit increase of 79 percent year over year.

“I am very pleased with the company’s differentiated 2018 performance that created significant value for all the key stakeholders across our franchise,” said Jeffrey Meiler, CEO and founder of Marlette Funding. “We’ve been focused on creating a resilient personal loan services business where customers, loan investors, equity investors, our employees and the local community all share in the value created.”

The company expects to continue on a growth trajectory in 2019. In November 2018, Delaware Prosperity Partnership awarded Marlette Funding a $2.73 million grant for the creation of 232 new jobs in Delaware before the end of 2022. Currently, there are over 30 open positions.

Among the operational plans for 2019, the company will deliver its 5th generation of credit models, convert to a new loan servicing platform, and add new lending products that will enable the company to offer higher lines and longer loan terms. New employee engagement initiatives and facility expansion to handle the growth are two of the top objectives for long-term success.

“Entering 2019, our robust and balanced performance sets the stage for continued growth and product expansion,” Meiler said. “As you would expect, we closely monitor all conditions that may impact the business but remain optimistic that we can continue to expand our business at pace and deliver an industry-leading value propositions to all key stakeholders.”

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