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[NEW YORK, NY, Feb 9, 2024] – S&P Global Ratings’ RMBS group is the latest rating agency to approve Setpoint as a Third-Party Due Diligence firm for DSCR business purpose transactions. This approval will see Setpoint expand its diligence services to S&P Global Rating’s U.S. RMBS rated transactions.
The rigorous review process concluded that Setpoint met the assessment factors in S&P Global Ratings U.S. RMBS criteria. This marks the fifth major rating agency to approve Setpoint’s tech-enabled services to act as diligence agent in rated transactions.
“Setpoint partners not only with the world’s largest banks, credit funds and capital markets counterparties, but has aimed to create lasting relationships with rating agencies,” said Stuart Wall, Setpoint co-founder and CEO. “We are excited to work with S&P Global Ratings as this partnership is at the core of our ethos to build trust in the credit system.”
About Setpoint
Setpoint is building the Operating System for asset backed lending. Founded in 2021, Setpoint’s capital and technology platform (Asset OS and Capital OS) enables auto, consumer, SMB, real estate and other asset-backed borrowers to grow profitably. Setpoint’s platform helps originators and lenders save time, money and do their best work. To learn more, please visit setpoint.io.