LendingPoint, the award-winning online loan origination and servicing platform, announced the appointment of Shawn Stone, a longtime financial services executive, as the Company’s new Chief Executive Officer and member of the Board.

LendingPoint is a financial technology platform that provides financing solutions to a wide range of customers, including lending institutions and consumers. The company's proprietary fraud prevention, risk, and asset management algorithms are used to create financing opportunities across the credit spectrum.

Mr. Stone is a senior financial services executive with more than 25 years of experience in online loan origination, loan servicing operations, credit and capital markets. He spent more than 20 years at Mr. Cooper (NASDAQ: COOP), where he helped build Mr. Cooper into the country’s largest home loan servicer. He held numerous executive leadership positions across the entire platform, including Chief Revenue and Production Officer as well as Executive Founder and President of Xome, a technology-enabled real estate and mortgage services subsidiary of Mr. Cooper. Prior to joining LendingPoint, Mr. Stone was a senior advisor for Bayview Asset Management and served as the Chief Executive Officer and a member of the Board of Directors for Renovate America, a nationwide POS and ESG and home improvement fintech lender.

"I am honored to join LendingPoint and to work alongside such a dedicated and talented team at a pivotal time in our growth. I previously had the opportunity to work with LendingPoint as a lending partner and was impressed with their fintech lending platform, customer-centric culture and operational excellence,” said Shawn Stone. “I also want to thank Mark for his leadership and significant contributions to LendingPoint in various roles over the past seven years and look forward to working closely with the team on this next phase.”

“It’s been a privilege to serve LendingPoint as interim CEO. I believe that Shawn is a great fit and will continue the company’s mission to provide innovative financing solutions for customers, while identifying new strategic growth opportunities,” Mark Lorimer, Chief Business Affairs and Legal Officer. "Throughout his career, Shawn has been recognized for his ability to drive organizational success, foster a culture of excellence, and deliver superior results. His strategic vision, operational expertise, and championship of customer experience make Shawn the ideal leader to guide LendingPoint in its next chapter."

About LendingPoint

LendingPoint is an award-winning online loan origination and servicing platform that provides financing solutions for consumers and lending institutions. The company’s fraud prevention, risk, and asset management algorithms are used to create financial opportunity across the credit spectrum. In 2023, LendingPoint was recognized as the Best Consumer Lending platform by Finovate and was named to the Inc. 5000 list of fastest-growing private companies for four consecutive years. LendingPoint has been honored on Deloitte’s Technology Fast 500 annual list for five consecutive years and recognized as one of the top 40 fastest-growing companies in Atlanta by the ACG. LendingPoint has also been named one of the Best Places to Work by the Atlanta Business Chronicle. LendingPoint is a privately held company headquartered in metro Atlanta with an office in Dallas. LendingPoint, LLC owns and operates the LendingPoint platform. www.lendingpoint.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20240806696004/en/