Numerated - A Moody's Company’s Post

Our customers are at the center of everything we do – and we’re committed to providing the right solutions and insights to make well-informed, quick decisions. That’s why we’re excited to announce the acquisition of Numerated, which will expand our lending capabilities across the credit lifecycle. The combination of Numerated’s front office, decisioning, and loan operation technologies with Moody’s credit assessment, underwriting, and monitoring capabilities provides the market with a richer and more robust loan origination system that meets the evolving needs of our banking customers. For more on the acquisition, please read our press release, which also contains information regarding forward-looking statements: https://mdy.link/3Zg6UWL

Excited to share that Moody’s is acquiring Numerated! 🎉 This partnership combines Numerated’s innovative lending tech with Moody’s credit expertise to create a smarter, more powerful loan origination system. Huge potential ahead for our Banking Customers ! 🚀

Chapter 4️⃣ : “Are they even authorized to buy software from us?” What 5 year old company decides that the largest banks in the world need to license their software? And that one of the world’s most valuable public companies should partner with them? And that they can deliver both at the same time? We did, and it took quite a team to make it happen. Thank you to: 👉 David Thomas O'Malley for his partnership and for getting the team to believe 👉 Steve Abramson for his candor, trust, and including to do whatever it takes to get the job done 👉 Brian O'Neill for building a team to deliver for customers, whatever it takes 👉 Cody Putre, Robert Cavezza, Shivani Shrestha, and the Buttahknives for getting the job done 👉 Katya Chupryna, CFA and Michael Hershkowitz from Citi for your trust and investment in our vision — we continue to execute every day for you 👉 The whole JAM FINTOP team for their trust and advocacy in their leading network of banks 👉 Paul Martin, Camille Cohen, and Cheryl Kardos for making the Moody’s team successful 👉 The incredible people at Moody's Corporation — Glen Wordekemper, Max O'Neill, Mehna Raissi, Shailendra Jain, Andy Frepp — for your vision and your partnership, now and in the future. 👉 And the many other Numerators who have played key roles in the journey. I get it — reading all these audacious things, taken together, it does sound like trying to accomplish all of it is the stupidest *$^%ing idea ever. And yet…when the chips were down, the team found a way. I’m proud and humbled to have been a part of it. The book is now open to the next chapter and the pen is about to hit the page. More to come soon…

After a busy few days, I’m happy to finally share my thoughts on our exciting news that Moody’s has acquired Numerated! Together, we have created the end-to-end lending platform with more capabilties and customers than any other. Very, very exciting! It’s the start of an amazing new chapter in the Numerated story. It’s also an amazing end to the previous chapters, which have been exhilarating, a lot of hard work, and ultimately very successful. I’ve always said that if I were to write a book about Numerated, it would be called “The Stupidest 🤬*$^%ing🤬 Thing I’ve Ever Heard”, because so many of the things we wanted to do were so novel or ambitious that they seemed genuinely crazy at the time. And also because someone (who I respect) once said that about our work. So on this Thanksgiving week, I’d like to say a huge thank you to all the people — teammates, investors, customers, and partners — who heard about The Stupidest *$^%ing Thing, believed in it, and helped make it a success. There are a lot of people to thank, and LinkedIn doesn’t like long posts, so I’m going to divide up my post into the chapters of the Numerated story, each titled with real quotes from along the journey. Chapter 1️⃣ : “This is a bank, not a science experiment.” Who creates a technology lab in a regional bank? We did, back in 2014 when it hadn’t been done before, setting a foundation for innovation that was hugely impactful, has been oft copied, and featured in an HBS case study. Thank you to: 👉 Eastern Bank, Bob Rivers, and Rich Holbrook for your vision 👉 Jim Fitzgerald and Don Westermann for your thoughtfulness 👉 My Labs cofounders Laurence Stock, John Magee, and Sean Boice for their grit 👉 Trish North for taking a risk 👉 My Labs colleagues Charles Cunningham, Benjamin Petrin, and Justin Sousa who are still making an impact at Numerated today

9fin recently featured Stephanie Walsh in an interview about actively managing a CLO portfolio in today's market environment, the evolution of the asset class as private credit becomes more prominent, and navigating potential headwinds in the loan market. She also touched on key lessons learned through our 25 years as an issuer, manager, and investor in CLOs.   Read the full conversation here: https://lnkd.in/edV7bcuv   #BainCapitalCredit #CLOs #privatecredit

In our perfect world:  1️⃣ Lending operations and processes are optimized.  2️⃣ Expertise, technology, and experience are leveraged. 3️⃣ Lenders have a partner focused on the success of their lending programs. Learn more about how Origence Lending Services is shaping better lending: https://lnkd.in/exPxtRNw T. Brian Hamilton, MBA, George Batty, Sam Clark, Bob Nealon

Dynamic loan payments solution reporting capabilities can be a powerful tool for credit unions. Read our new article to find out how. #loanpayments #creditunions #fintech

How Lenders Use Credit Reports to Make Better Decisions Satish Mehta, Former MD of CIBIL, explains how credit reports and scores influence lending decisions. From defining risk appetites to setting interest rates, lenders now heavily rely on credit reports for transparent and data-driven decision-making. Watch the full discussion to learn how your credit score impacts your loan terms. 🔗 Link to full video: [https://lnkd.in/gzXfpbKT] 🌐 Check out the blog from our website:  [https://lnkd.in/gnHXz7GB] #CreditReport #LendingDecisions #CloudBankin #Fintech #FinancialServices

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As the summer ends, it’s a great opportunity to reflect on a busy year thus far for our liquid and structured credit team. It is also the time of year where we start thinking about what lies ahead. Although it is not quite yet “outlook season,” I want to acknowledge the contributions of my colleagues and share what our team is focused on as we approach the back end of the year. As we navigate the complexities of today's credit markets, our team remains broadly constructive on credit. Yields on corporate and structured credits remain at attractive levels, but the evolving macroeconomic and geopolitical environments, along with potential shifts in Fed policy, could introduce volatility. In response, we're executing a disciplined approach focused on reducing risk and enhancing portfolio quality while allowing for flexibility to capitalize on the potential idiosyncratic opportunities that continue to arise. To that end, here are three key takeaways from our team on the current market landscape: 1. Liquid Credit: Corporate credit, particularly in the bank loan sector, continues to offer attractive yields. With spreads wide relative to history, there are compelling opportunities, especially within the single-B segment. We are selectively adding exposure to credits with strong fundamentals, even as we remain vigilant about the potential for increased volatility. 2.    Structured Credit: The structured credit market, especially CLOs, remains resilient with steady issuance and strong investor demand. Our own CLO management business has had an active year thus far, issuing, resetting and refinancing several new deals over the period. On the CLO investing side, technical conditions remain favorable, and we see attractive value in parts of the capital stack particularly in CLO mezzanine debt. We are also finding compelling opportunities in the asset-backed markets through bespoke transactions. 3. Default Rates and Risk: Despite the higher interest rate environment, default rates have remained low, and forecasts have generally improved since mid-2023. This stability reflects the strong fundamentals of many companies, even in a higher-for-longer rate scenario. While we remain mindful of potential risks, we expect default rates to remain near current levels.