- dv01 acts as Loan Data Agent on CLMTE pass-through certificates backed by loans originated on the GoodLeap platform
- Investors to benefit from easy access to cleansed, validated, standardized data rolled up for monthly reporting
- Announcement comes as dv01 builds first ESG analytics framework for structured products
NEW YORK, August 23, 2021 /PRNewswire/ -- dv01, a leading capital markets fintech company driving technological innovation and loan-level transparency in structured finance, today announced it has partnered with GoodLeap, America's number one point-of-sale platform for sustainable home solutions, to further promote data transparency and accountability within the solar asset-backed securities (“ABS”) market.
Through this partnership dv01 will serve as Loan Data Agent ("LDA") for Carbon Level Mitigation Trust (CLMTE) pass-through certificates, the first transactions of their kind in the residential solar and sustainable home solutions space. The shelf currently comprises CLMTE 2021-1 and CLMTE 2021-2 and has an aggregate notional value of $53.6 million at issuance across 1,252 residential solar loans. As LDA, dv01 handles the monthly deal reporting by cleansing, validating, and standardizing loan-level data from underlying servicers and other transaction participants. Qualified platform users, including participating investors, can then leverage fully integrated analytics tools through the dv01 web app to extract actionable insights on loan performance, free of charge.
Residential solar ABS has shown impressive resilience against the stresses of COVID-19. Kroll Bond Rating Agency estimates that issuance climbed 22% YoY in 2020, with GoodLeap responsible for most of the issuance. Kroll forecasts 2021 issuance to increase by another 21% thanks to a combination of technology improvements, extensions of the investment tax credit, and a sympathetic presidential administration.
“As investor demand for sustainable investing increases, transparent data on the underlying collateral is crucial to understanding asset performance,” said Perry Rahbar, Founder & CEO at dv01. “We’re excited to partner with a leading issuer to cement solar as a viable, investment-worthy asset class. We look forward to deepening our relationship with GoodLeap and introducing our reputable loan-level expertise to a rapidly-growing market.”
“The pass-through securities announced today are the first transactions of their kind in our space, enabling an even broader group of financial institutions to deploy capital in compelling ESG assets,” said Tanguy Serra, GoodLeap’s President. “With dv01, we look forward to providing market participants the opportunity to take part in these ESG assets with confidence and efficiency.”
The partnership comes at a time when ESG investing is seeing a record pace of adoption. In addition to supporting the Solar ABS market, dv01 is building a comprehensive, data-focused solution for structured products that empowers issuers and investors to accurately report the loan-level ESG adherence needed by their partners and the capital markets.
Hannah Beard firstname.lastname@example.org / +1 917 970 8822
NOTES TO EDITORS
Founded in 2014, dv01 is the leading capital markets fintech driving technological innovation and loan-level transparency in structured finance. To date, dv01 has provided securitizations reporting and analytics on $4 trillion in notional balance, consisting of 90 million loans and 700 securitizations across consumer unsecured, point of sale, small business, student loans, auto, and both agency and non-agency mortgages. Learn more at dv01.co.
GoodLeap is the nation's number one point-of-sale platform for sustainable home solutions, delivering a digital-first experience that is simple, fast, and frictionless. GoodLeap's proprietary technology platform is actively used by more than 15,000 sales professionals and has enabled the deployment of over $8.0 billion in capital for sustainable home improvement products since 2018, empowering countless consumers to live a more sustainable lifestyle. GoodLeap is a proud partner of GivePower, a 501(c)(3) corporation, whose mission is to build and deploy solar-powered clean water and energy systems to communities in need around the world. To learn more about GoodLeap, visit, follow and connect with us at goodleap.com