Monroe Capital Supports Growth of ATTOM Data Solutions
Founded in 1996 and headquartered in Irvine, CA, ATTOM is a leading curator of land, property data, and real estate analytics. They provide property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, neighborhood, and geospatial boundary data for more than 158 million U.S. residential and commercial properties covering 99 percent of the nation's population. ATTOM licenses its data to companies in the real estate, mortgage, insurance, marketing, and adjacent industries.
About Monroe Capital
Monroe Capital LLC ('Monroe') is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe's platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality 'alpha' returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 11 locations throughout the United States, Asia and Australia.
Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2024 Lower Mid-Market Lender of the Year, Americas and 2023 Lower Mid-Market Lender of the Decade; Inc.'s 2024 Founder-Friendly Investors List; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.
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5 hours ago
- Yahoo
Personal loan origination fees: What to know
Key takeaways Origination fees are a common cost when borrowing a personal loan, especially if you choose to go with an online lender. Expect to pay anywhere from 1 percent to 10 percent of the total loan amount, although the exact fee varies based on several factors. Origination fees are deducted from your total loan amount, so make sure you account for them when you determine how much you need to borrow. When you take out a personal loan, your costs may include more than just principal and interest. One common fee is the origination fee — a charge for processing your application and underwriting the loan. While not all lenders charge this fee, many do, especially for borrowers with fair or bad credit. Origination fees can quietly add hundreds of dollars to the cost of borrowing, even though you don't pay them out-of-pocket. To make the smartest borrowing decision, it's crucial to understand how origination fees work, how much you'll receive after fees and how to compare total loan costs across lenders. Bankrate's take: Don't assume a loan with no origination fee is always the cheaper option — comparing APRs gives you a fuller picture. What is a personal loan origination fee? An origination fee — also called a processing or administrative fee — is charged upfront to cover the cost of issuing a loan. It typically ranges from 1 to 10 percent of the total loan amount, though some bad credit lenders may charge an origination fee of up to 12 percent. You don't pay this fee directly. Instead, lenders either deduct it from your loan proceeds or add it to your loan balance. The first option is more common — meaning if you're approved for a $10,000 loan with a 5 percent fee, you'll actually receive $9,500. Greg McBride, Bankrate's chief financial analyst, says that having the fee taken out of the loan principal may be the only way some people can afford a personal loan. How does a loan origination fee work? Let's say you need $10,000 for debt consolidation or a large expense. If the lender deducts a 5 percent origination fee from the loan, you'd actually have to borrow $10,527 to receive the full $10,000. This is because the origination fee is deducted from your loan amount so that you do not have to pay the money upfront when you borrow. Keep in mind that you'll pay interest on the entire amount, not just the money you receive. Even though you receive $10,000, your interest will be based on the entire $10,527 amount. That makes comparing APRs across lenders essential. Origination fees are most commonly taken out of your loan amount, but in other cases, they may be added to the total amount you borrow. If a lender tries to make you pay an origination fee before you receive your loan, it is a sign of a personal loan scam. Consumers hate fees. So, why do many personal loans still charge for origination? Bankrate asked lenders about why they do (or don't) charge origination fees. We also got great tips about how to avoid them entirely. Learn more How are origination fees determined? Lenders use your financial profile and credit risk to determine your origination fee. The more confident they are in your ability to repay the loan, the lower your fee is likely to be — and vice versa. Here are some of the key factors lenders use to determine your origination fee: Credit score and credit history: A higher credit score signals that you've consistently managed debt well in the past, which can lead to a lower origination fee. A history of missed payments or delinquencies may raise red flags and your fee. 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It's worth asking lenders whether they're willing to lower or waive the origination fee based on your finances. Some lenders may be willing to: Lower or waive the fee to win your business Offer better terms if you have excellent credit or multiple competing offers Adjust your rate or repayment terms as part of the counteroffer Bottom line Origination fees aren't a guaranteed cost when you borrow a personal loan, but they are very common. If you don't have excellent credit, it's likely that the lenders you qualify for charge at least a small origination fee. With an average personal loan rate of over 12 percent, it's crucial to compare lenders by total cost. Use the loan's APR, not its simple interest rate, when determining which option is best for you. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
6 hours ago
- CBS News
How to negotiate credit card debt relief on your own
Credit card debt has been climbing steadily over the last several months, with Americans adding another $27 billion to their credit card balances in the second quarter of 2025 alone. In total, cardholders now owe a staggering $1.21 trillion in credit card debt — a new record-high. That represents an uptick of 2.3% from the first quarter of 2025 and a rise of nearly 6% compared to the second quarter of 2024. So what's behind the latest surge? While numerous factors are at play, this increase was driven, in large part, by a mix of persistent inflation, high interest rates and continued reliance on credit. With credit card APRs still hovering close to 22% on average, even a modest balance can snowball quickly, making minimum payments feel like throwing water on a grease fire. The good news is, though, that you may have more control than you think. 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NJ Wins Rating Upgrade from S&P After Debt, Pension Progress
By and Sri Taylor Updated on Save S&P Global Ratings raised New Jersey's credit rating on Monday to A+ from A, giving the state the firm's first upgrade since 2023. The ratings firm said the upgrade of the Garden State's general obligation bonds was the result of New Jersey's progress in paying down debt and funding pensions, alongside a healthier reserve position that provides more budget stability.
