PCMA Private Client Lending Announces Q3 2021 Results & 2022 Growth Projections

PCMA Private Client Lending Announces Q3 2021 Results & 2022 Growth Projections

PCMA, the pioneer and category leader in Non-Bank Private Client Lending, announced 2021 third-quarter results and is accelerating growth projections into 2022.

Direct Retail Private Client Originations (NQM-Expanded Prime) in the 3rd quarter reached $179,898,000.00, an increase of 34% over 2nd quarter results. 12-month aggregate loan volume for 2020/2021 reached $436,735,000.00 with projected loan volume for the total year of 2021 to exceed $625MM.

“It has been quite the journey overcoming the obstacles COVID has inserted into the financial system. Since the Reboot, we have faced crippling vendor delays, clearing legacy assets frozen in the system, economic uncertainty, you name it, we dealt with it, “said John Lynch, CEO and founder of PCMA. “I am so proud of my team in how they faced these challenges and rebooted our operational capacity to deliver another strong quarter of profitability and volume growth.”

In the third quarter, PCMA continued to expand its leadership in the private client category by launching a multi-state television campaign targeting affluent communities, vertically integrated the firm with the addition of its newly formed asset manager, key executive management team acquisitions, increased margin execution, and expanded its funding capacity.

“The PCMA brand is starting to resonate and is becoming synonymous with the Private Client community,” said Lynch. We are very grateful for the success we have had to this point; however, we are very focused on the opportunity that is unfolding for us in 2022 and beyond.”

Origination metrics and credit performance continue to defy industry norms quarter over quarter. PCMA expanded prime assets are heavily sought after and oversubscribed in the secondary market by tier-one investors that like the low convexity, consistent income, and high credit performance of our private clients. PCMA is well-positioned to further its growth projections and continued leadership in private client lending for many years to come.