[wpseo_breadcrumb]Wilmington, DE – August 3, 2016 – Marlette Funding, a leading marketplace platform, announced today it closed its first proprietary “MFT” securitization. Approximately $205 million of Best Egg collateral was financed via three classes of Notes and one class of Certificates with the loan sellers retaining a portion of Notes and Certificates.The Class A, B and C fixed-rate Notes were rated Single-A, Triple-B and Double-B by Kroll Bond Rating Agency (KBRA). The transaction was very strongly received by a broad swath of investors and was significantly oversubscribed. Amongst other factors that supported the rating KBRA noted that “Marlette’s business model ensures an alignment of interests among the Company, the originating bank and institutional loan buyers.”The Marlette Funding “MFT” securitization is a significant milestone for the company, and a cornerstone of the company’s long-term capital strategy. “Accessing the securitization markets represents the third major component of a diversified funding plan, which also includes building strong relationships with institutional investors and developing on-balance sheet asset backed credit facilities,” said Paul Ricci, CFO of Marlette Funding.The securitization, placed through Goldman Sachs, furthers Marlette Funding’s access to the broader ABS capital markets and sets a strong precedent for future transactions. The broadening of the investor base into institutional CUSIP-only buyers is a first step in building recognition in the brand, capital markets access and liquidity in the bonds. This transaction represents the second securitization collateralized by unsecured consumer loans originated by Cross River Bank using Marlette Funding’s Best Egg Platform. The first securitization, Citi Held for Asset Issuance 2016-MF1 closed on March 4, 2016.“Our institutional partners value our ability and willingness to help them access the securitization markets,” said Jeffrey Meiler, CEO of Marlette Funding. “The elegance of this type of collaboration is it provides programmatic consistency in terms of structure, reps and warranties, and risk sharing.”The company continues to thrive under its leadership team which has deep consumer finance and banking experience and a strong corporate orientation towards compliance and business controls. More than $2B loans have been originated by Cross River through the Best Egg website since its inception in March of 2014.About Marlette Funding Marlette Funding is a technology enabled financial services company that is simplifying how consumers borrow money. Marlette’s first product, Best Egg, is an unsecured personal loan platform that offers a simple online process where qualified customers can borrow with transparent terms and receive their loan funds in as little as one day. Since launching in 2014, Marlette has provided services to help its bank partner originate over $2 Billion in loans and has connected over 125,000 personal loan customers with investors through the Best Egg platform. For more information, visit marlettefunding.com.About Cross River Bank CRB is a full service New Jersey State Chartered FDIC-insured bank. CRB has developed strategic partnerships with financial technology leaders to build fully compliant and integrated solutions for the marketplace lending and payment processing arenas. As disintermediation and financial independence increasingly fuel the new economy, CRB is uniquely positioned to service both the established giants and the growing list of new entrants into these sectors. Corporate web site: www.crossriverbank.com.