A fifth of its former size
The lender made 512 loans in 2020 and 90 in 2024, falling in every year between. Rising rates may account for much of that: its typical rate was 3.00% in 2020 and 6.75% in 2025. It recovered a little in 2025, to 102, a rise of 13%, while similar lenders (independent non-bank lenders making between half and twice as many loans) shrank by 2%.