In a conversation with GlobalCapital, our Chief Capital Officer Brooke Major-Reid explains Affirm’s sophisticated approach to underwriting and capital management. “We take an engineering-driven approach to managing our business by maintaining excess capacity and always keeping a very close eye on credit. Our underwriting posture is unique, given we are evaluating every individual application before making a credit decision.” Read the full article below, and say hi to Brooke and Affirm’s Capital team at #ABSEast2023! https://bit.ly/3s1p0hm
GlobalCapital’s Ayse Kelce spoke to Brooke Major-Reid, chief capital officer at Affirm, about the ABS market and how the company responsibly extends access to credit by underwriting every transaction. Speaking to GlobalCapital ahead of Information Management Network (IMN) and Fixed Income Investor Network (FIIN)'s #ABSEast, Major-Reid, said: “Fixed income investors are really focused on our ability to manage risk and underwrite, so that they know they're protected. The fact that we underwrite every transaction, the fact that our duration is fairly short and the fact that we have a diversity of product offerings that can sustain the level of growth that we saw last fiscal year really speaks to how we can tier risk and price risk well in this environment.” #securitization
Treasury at Affirm, Inc.
12moThe best in the business! Brooke always leads by example and serves as an inspiration to all.