New Chief Financial Officer Named for Marlette Funding

Marlette Funding, LLC, recently appointed Mark Elbaum to the position of chief financial officer (CFO). Marlette Funding is the parent company of Best Egg personal loans, an unsecured personal loan product.

Elbaum will be based at the company’s headquarters in Wilmington, DE. He’ll coordinate the accounting, finance, and capital markets activities, and collaborate with others on the executive management team.

What Elbaum Will Bring to the Table

Jeffrey Meiler, chief executive officer of Marlette Funding, said hiring Elbaum will put Best Egg closer to realizing the ambitions and growth they’ve targeted. The right fit is important for a company when selecting a leader, and Meiler is confident Elbaum is up to the task.

“Not only is Mark an accomplished finance services leader, but he is a strong cultural fit who has a like-minded employee and customer orientation,” said Meiler in a press release.

Elbaum has a strong business background that should serve him well in his new role. He just finished a stint as CFO of Merrill Lynch, Bank of America’s Wealth Management business. Before that, he spent 18 years as CFO of Bank of America’s mortgage lending division. In addition, he has served as CFO of the Countrywide Financial Residential Lending Division.

“This is an exciting time to join Best Egg as it leverages its robust technology platform to broaden its offering of financial products and services,” Elbaum continued in the press release.

More on Best Egg and Marlette Funding

Elbaum’s appointment isn’t the only one announced recently by Best Egg and Marlette Funding. On Dec. 18, 2017, Sabrina Basht was named as chief strategy officer for Best Egg. Basht first joined Best Egg in 2014 in her role as general manager, partnerships. Basht’s duties include directing and building the future growth and goals of Best Egg.

Best Egg’s mission is to help connect people with the money they need to reach their goals and improve their lives. Through Best Egg, people with good credit ratings are able to apply for and receive loans through a simpler process that involves less time and less red tape.

Best Egg has reached a high level of success already partly because its loan terms are easy to understand, and it gives a competitive interest rate for its clients. There aren’t any hidden fees to be surprised by, and there are no penalties for repaying the loan early.

In a short time, it has become a growing force in the online lending market. It launched in March of 2014, and since that time, it has connected $4.7 billion in loans to more than 300,000 consumers.