70163959 OP : The stock is traded at a very valuable term now. It is a valuable stock with growth potential. I definitely give it a try.

70163959 OP Bobi2206 : Lots of countries don’t have a credit system like we have, they still do loans. Upst ‘s high growth in Last 2 quarters were based on 2020 when their business almost down to zero. If you check their earnings in 2019, it was way higher than 2020. That Says their mode Highly depends on the overall capital market.

70163959 OP : Their model highly depends on the overall capital market.

70163959 OP : I worked as a loan officer in a smaller company. We generated the loan, take the commission and sold the loan the next day. From what I know even big banks sold most of their loans to the secondary market, the investors. Their money is not going to Be stuck in those loans. Instead they make money on commission. But appreciate your response.

70163959 OP : Their income statement shows 100% from commissions and fees. This asset driven Thing is something I don’t get it.

70163959 OP : Actually we do The underwriting thing to make sure the loan we generated  Is met the guideline and is able to be sold to the investors. Otherwise we won’t do the loan. There is no credit risk at all.

70163959 OP : Lending company, With interest rate eventually increases, Not good for long term.