Wisr records 113% growth in its loan portfolio


The non-bank lender generated a record $ 132 million in the last quarter, the 21st consecutive quarter of growth.

Figures released by Wisr regarding its first quarter of fiscal 2022 performance revealed that as of September 30, the non-bank had a record $ 132 million in originations, marking a 113% increase from report for the first quarter of fiscal year 21.

In the first quarter of FY21, by comparison, Wisr reported a figure of $ 62 million.

This figure marks the 21st consecutive quarterly growth in the loan portfolio for the non-bank sector.

In addition, Wisr figures show that it has now secured a total of $ 734 million in loan origination in September 2021, a 142% increase from the figures for the first quarter of FY21.

According to the non-bank lender, that figure brings its wholly-owned loan portfolio (including warehouse, securitized and bank balance sheet) to $ 475 million, reflecting growth of 247% over the same period.

Wisr’s over 90-day arrears also showed signs of improvement, from 1.01% from the first quarter of FY21 to now 0.87%.

Overall revenue growth for the non-bank lender also increased, from $ 9.7 million in the fourth quarter of FY21 to $ 12.1 million as of September 30, an increase of 25%.

Compared to the $ 4.1 million figure for the first quarter of FY21, the latter figure reflects a 195% increase in growth.

Wisr chief executive Anthony Nantes said these numbers, including 21 straight quarters of loan growth during the COVID-19 pandemic, are testament to the non-bank team and Wisr’s trajectory.

“The $ 12.1 million in revenue for the quarter, a 195% increase over the same period last year, puts us on an execution rate close to $ 50 million and above for the year. coming soon, ”he said.

“We expect demand to increase in the personal finance market as foreclosure restrictions begin to lift and consumer demand naturally increases in the categories of personal loans that have been affected by COVID-19, creating a strong tailwind for us as we head into 2022.

“With two Wisr warehouses in operation and poised to generate significant and sustained growth, we are in an incredibly strong position to meet our mid-term goal of a billion dollar loan portfolio, accelerate our revenues, our way towards profitability and our operating leverage. in H2 and beyond.

[Related: Wisr hits high for new loans]

Wisr records 113% growth in its loan portfolio

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Last updated: October 28, 2021

Posted: 28 October 2021

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Sam nichols

Sam Nichols is a reporter for The Adviser and Mortgage Business. His reporting has featured in various media including ABC News, SBS’s The Feed and VICE.


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