# EDGAR Filing Document

**Accession Number:** 0001784318
**File Stem:** 0001213900-23-014726
**Filing Date:** 2023-2
**Character Count:** 33234
**Document Hash:** 7dfc5d6a0417fcb3658a9e70eb2ee7d6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-014726.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001213900-23-014726

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 9

**CONFORMED PERIOD OF REPORT**: 20230227

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LendingPoint 2018-1 Funding Trust
- **CENTRAL INDEX KEY:** 0001784318
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-04655
- **FILM NUMBER:** 23672927

**BUSINESS ADDRESS:**
- **STREET 1:** 1201 ROBERTS BLVD.
- **STREET 2:** SUITE 200
- **CITY:** KENNESAW
- **STATE:** GA
- **ZIP:** 30144
- **BUSINESS PHONE:** 888.969.0959

**MAIL ADDRESS:**
- **STREET 1:** 1201 ROBERTS BLVD.
- **STREET 2:** SUITE 200
- **CITY:** KENNESAW
- **STATE:** GA
- **ZIP:** 30144
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LendingPoint 2018-1 Funding Trust
- **CENTRAL INDEX KEY:** 0001784318
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 1201 ROBERTS BLVD.
- **STREET 2:** SUITE 200
- **CITY:** KENNESAW
- **STATE:** GA
- **ZIP:** 30144
- **BUSINESS PHONE:** 888.969.0959

**MAIL ADDRESS:**
- **STREET 1:** 1201 ROBERTS BLVD.
- **STREET 2:** SUITE 200
- **CITY:** KENNESAW
- **STATE:** GA
- **ZIP:** 30144
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LendingPoint 2018-1 Funding Trust
- **CENTRAL INDEX KEY:** 0001784318
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-04655

**BUSINESS ADDRESS:**
- **STREET 1:** 1201 ROBERTS BLVD.
- **STREET 2:** SUITE 200
- **CITY:** KENNESAW
- **STATE:** GA
- **ZIP:** 30144
- **BUSINESS PHONE:** 888.969.0959

**MAIL ADDRESS:**
- **STREET 1:** 1201 ROBERTS BLVD.
- **STREET 2:** SUITE 200
- **CITY:** KENNESAW
- **STATE:** GA
- **ZIP:** 30144

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER<br> REPORT PURSUANT TO SECTION 15G OF<br> THE SECURITIES EXCHANGE ACT OF 1934**

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

☐ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period<u> </u>to<u> </u>

---

| |
|:---|
| Date of Report (Date of earliest event reported): ___________ |
| Commission File Number of securitizer: _______________ |
| Central Index Key Number of securitizer: _______________ |

---

__________________________________________________________

Name and telephone number, including area code, of the person to

contact in connection with this filing.

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: 0001784318

LP LMS 2023-1 Asset Securitization Trust

(Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable): N/A

Central Index Key Number of underwriter (if applicable): N/A

<u>Thomas Burnside, (888) 969-0959</u>

Name and telephone number, including area code, of the person

to contact in connection with this filing

**INFORMATION TO BE INCLUDED IN THE REPORT**

**PART II – FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer**

The disclosures required by Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as an Exhibit to this Form ABS-15G. Please see the Exhibit Index for the related information.

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 27, 2023

---

| | | |
|:---|:---|:---|
| LendingPoint 2018-1 Funding Trust, as Depositor | LendingPoint 2018-1 Funding Trust, as Depositor | LendingPoint 2018-1 Funding Trust, as Depositor |
| By: | LendingPoint LLC, as Administrator of LendingPoint 2018-1 Funding Trust | LendingPoint LLC, as Administrator of LendingPoint 2018-1 Funding Trust |
| By: | /s/ Thomas Burnside | /s/ Thomas Burnside |
|  | Name: | Thomas Burnside |
|  | Title: | Chief Executive Officer |

---

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit<br> Number** | **Description** |
| Exhibit 99.1 | [Consultant Report of CBIZ MHM, LLC, dated January 31, 2023](s149171_ex99-1.htm) |

---

## Exhibit 99.1

**Exhibit 99.1**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM ABS DUE DILIGENCE-15E**

**CERTIFICATION OF PROVIDER OF THIRD-PARTY DUE DILIGENCE SERVICES FOR ASSET-BACKED SECURITIES**

Pursuant 17 CFR 240.17g-10, this Form must be used by a person providing third-party due diligence services in connection with an asset-backed security to comply with section 15E(s)(4)(B) of the Securities Exchange Act of 1934 (15 U.S.C. 78o-7(s)(4)(B)). Section 15E(s)(4)(B) of the Securities Exchange Act of 1934 requires a person providing the due diligence services to provide a written certification to any nationally recognized statistical rating organization that produces a credit rating to which such due diligence services relate.

**Item 1. Identity of the person providing third-party due diligence services**

Legal Name: CBIZ MHM, LLC <br> Business Name (if Different): <br> Principal Business Address: 401 Plymouth Road, Plymouth Meeting, PA 19462

**Item 2. Identity of the person who paid the person to provide third-party due diligence services**

Legal Name: LendingPoint, LLC <br> LLC Business Name (if Different): <br> Principal Business Address: 1201 Roberts Blvd., Suite 200, Kennesaw, GA 30144

**Item 3. Credit rating criteria**

If the due diligence performed by the third party is intended to satisfy the criteria for due diligence published by a nationally recognized statistical rating organization, identify the nationally recognized statistical rating organization and the title and date of the published criteria (more than one nationally recognized statistical rating organization may be identified).

Not applicable

**Item 4. Description of the due diligence performed**

Provide a description of the scope and manner of the due diligence services performed in connection with the review of assets that is sufficiently detailed to provide an understanding of the steps taken in performing the review. Include in the description: (1) the type of assets that were reviewed; (2) the sample size of the assets reviewed; (3) how the sample size was determined and, if applicable, computed; (4) whether the accuracy of information or data about the assets provided, directly or indirectly, by the securitizer or originator of the assets was reviewed and, if so, how the review was conducted; (5) whether the conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements was reviewed and, if so, how the review was conducted; (6) whether the value of collateral securing such assets was reviewed and, if so, how the review was conducted; (7) whether the compliance of the originator of the assets with federal, state, and local laws and regulations was reviewed and, if so, how the review was conducted; and (8) any other type of review that was part of the due diligence services conducted by the person executing this Form. This description should be attached to the Form and contain the heading "Item 4." Provide this description regardless of whether the due diligence performed is intended to satisfy the criteria for due diligence published by a nationally recognized statistical rating organization.

See Attachments related to LP LMS 2023-1 Asset Securitization Trust transaction.

**Item 5. Summary of findings and conclusions of review**

Provide a summary of the findings and conclusions that resulted from the due diligence services that is sufficiently detailed to provide an understanding of the findings and conclusions that were conveyed to the person identified in Item 2. This summary should be attached to the Form and contain the heading "Item 5."

See Attachments related to LP LMS 2023-1 Asset Securitization Trust transaction.

**<u>CERTIFICATION</u>**

The undersigned has executed this Form ABS Due Diligence 15E on behalf of, and on the authority of, the person identified in Item 1 of the Form. The undersigned, on behalf of the person, represents that the person identified in Item 1 of the Form conducted a thorough review in performing the due diligence described in Item 4 attached to this Form and that the information and statements contained in this Form, including Items 4 and 5 attached to this Form, which are part of this Form, are accurate in all significant respects on and as of the date hereof.

Name of Person Identified in Item 1: CBIZ MHM, LLC

---

| | |
|:---|:---|
| By: | /s/ M. Michael Aquino |
|  | M. Michael Aquino |
|  | (Print name of duly authorized person) (Signature) |

---

Date: January 31, 2023

**<u>Attachment:</u>**

**<u>Item 4 of Form ABS Due Diligence-15E related to</u>**

**<u>LendingPoint, LLC, LendingPoint 2018-1 Funding Trust, and LP LMS 2023-1 Asset</u>**

**<u>Securitization Trust transaction</u>**

CBIZ MHM, LLC performed a consulting engagement (the "Services") as described in the attached Consultant Report dated January 31, 2023 (the "Report").

Accordingly:

● The nature, scope and design of the Services are solely the responsibility of LendingPoint LLC, as Seller and Servicer ("Seller" and "Servicer"), LendingPoint 2018-1 Funding Trust ("Seller", "Depositor" or "Funding Trust") and LP LMS 2023-1 Asset Securitization Trust ("Issuer", "SPV", "Purchaser" or "Company" and together with the Sellers and the Servicer, "you," "Specified Parties", or "Client"), as specified in the Report and the sufficiency of the Services performed is solely the responsibility of the Specified Parties;

● CBIZ MHM, LLC makes no representations as to the sufficiency of the Services for the purposes of the Specified Parties or for any other purpose;

● The Report is intended solely for the use of the Specified Parties and is not intended to be used by anyone other than the Specified Parties; and

● The procedures that CBIZ MHM, LLC performed did not constitute, in accordance with generally accepted auditing or other applicable professional standards, (1) an audit, review, or compilation of the Company's historical financial statements or specified elements, accounts or items thereof as per the attestation standards established by the American Institute of Certified Public Accountants, (2) an examination or compilation of the Company's prospective financial information, (3) an appraisal of the Company or of any of the Company's assets or liabilities or (4) an examination of the Company's internal controls, and, accordingly, we express no opinion, limited assurance or any other form of assurance thereon and our work cannot be relied upon to disclose errors, fraud or illegal acts that may exist. In addition, CBIZ MHM, LLC did not verify the information that was obtained by us or presented in the Report, unless specified in the Report.

The Report contains a description of the following:

&nbsp;&nbsp;&nbsp;&nbsp;(i) the type of assets;

&nbsp;&nbsp;&nbsp;&nbsp;(ii) the sample size;

&nbsp;&nbsp;&nbsp;&nbsp;(iii) how the sample size was determined and, if applicable, computed; and

&nbsp;&nbsp;&nbsp;&nbsp;(iv) the scope and manner of the Services performed.

None of the engagement, Services or Report was intended to address, nor did they address, the following:

&nbsp;&nbsp;&nbsp;&nbsp;(i) the value of collateral securing such assets;

&nbsp;&nbsp;&nbsp;&nbsp;(ii) the compliance of the originator of the assets with federal, state, and local laws and regulations; or

&nbsp;&nbsp;&nbsp;&nbsp;(iii) the conformity of the origination of the assets to stated underwriting or credit extension guidelines,
standards, criteria or other requirements.

As of the date of this Form, CBIZ MHM, LLC performed no other procedures that would be considered due diligence services related to LP LMS 2023-1 Asset Securitization Trust transaction.

**Attachment:**

**Item 5 of Form ABS Due Diligence-15E related to**

**<u>LendingPoint, LLC, LendingPoint 2018-1 Funding Trust, and LP LMS 2023-1 Asset</u>**

**<u>Securitization Trust transaction</u>**

**Consultant Agent Report dated January 31, 2023 related to**

**<u>LendingPoint, LLC, LendingPoint 2018-1 Funding Trust, and LP LMS 2023-1 Asset</u>**

**<u>Securitization Trust transaction</u>**

![](ex99-1_001.jpg)

**LendingPoint, LLC**

**LendingPoint 2018 Funding Trust**

**LP LMS 2023-1 Asset Securitization Trust**

**Consultant Report**

**January 31, 2023**

![](ex99-1_002.jpg)

***THIS REPORT IS FOR CLIENT'S INTERNAL USE ONLY AND SHOULD NOT BE RELIED<br> UPON BY ANY THIRD PARTY.***

![](ex99-1_003.jpg)

---

| | | |
|:---|:---|:---|
| ![](ex99-1_007.jpg) | LP LMS 2023-1 Asset Securitization Trust | Consulting Report |

---

**Consultant Engagement**

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| | |
|:---|:---|
| Client Name: | LendingPoint, LLC |
|  | LendingPoint 2018 Funding Trust |
|  | LP LMS 2023-1 Asset Securitization Trust |
| Servicer Address: | LendingPoint, LLC |
|  | 1201 Roberts Blvd., Suite 200 |
|  | Kennesaw, GA 30144 |
| Servicer Principal Contact: | Christopher Johnson |
| Servicer Phone Number: | (888) 969-0959 |

---

---

| | |
|:---|:---|
| Consultants: | Vincent Campellone<br> Ashley Lawrence<br> Carla Prebelli-Elwell<br> Kristin D. Stanton<br> Taylor Tessier |
| Report Date: | January 31, 2023 |
| Engagement Dates: | January 27 – 31, 2023 |

---

Client and Company Contact: Christopher Johnson – Head of Capital Markets

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| | | |
|:---|:---|:---|
| ![](ex99-1_007.jpg) | LP LMS 2023-1 Asset Securitization Trust | Consulting Report |

---

January 31, 2023

**PRIVATE & CONFIDENTIAL**

Mr. Victor Pacheco

Chief Capital Officer

LendingPoint LLC

1201 Roberts Blvd., Suite 200

Kennesaw, GA 30144

Dear Mr. Pacheco:

Please find our enclosed Consultant Report ("the Report") which was prepared at the request of LendingPoint LLC, as Seller and Servicer ("<u>Seller</u>" and "Servicer"), LendingPoint 2018-1 Funding Trust ("Seller", "Depositor" or "Funding Trust") and LP LMS 2023-1 Asset Securitization Trust ("<u>Issuer</u>", "<u>SPV</u>", "<u>Purchaser</u>" or "<u>Company</u>" and together with the Sellers and the Servicer, "<u>you,</u>" "Specified Parties," or "<u>Client</u>") in connection with the Preliminary Offering Memorandum ("POM"), which date still needs to be determined ("Transaction") and in accordance with the terms of our Engagement Letter dated January 25, 2023.

**Client Acknowledgements**

By acceptance of the Report, you acknowledge that (1) you have determined that the procedures we performed are the procedures that you requested us to perform, that you are solely responsible for the sufficiency of such procedures for your purposes, and that you do not require us to perform any further procedures, (2) we make no representations and express no opinion as to the sufficiency of the procedures for your purposes and had we performed additional procedures, other matters might have come to our attention that would have been reported to you, (3) the procedures that we performed should not be taken to supplant additional inquiries and procedures that you should undertake in your evaluation of the Transaction, (4) you have made available to us all financial records and related data that you received from the Company that you believe are necessary for us to complete our procedures, and (5) the decision whether to consummate the Transaction lies solely with you, and neither our work nor our findings shall in any way constitute a recommendation whether you should or should not consummate the Transaction, or on what terms.

**Limitations of Procedures**

The procedures we performed do not constitute, in accordance with generally accepted auditing or other applicable professional standards, (1) an audit, review, or compilation of the Company's historical financial statements or specified elements, accounts or items thereof as per the attestation standards established by the American Institute of Certified Public Accountants, (2) an examination or compilation of the Company's prospective financial information, (3) an appraisal of the Company or of any of the Company's assets or liabilities or (4) an examination of the Company's internal controls, and, accordingly, we express no opinion, limited assurance or any other form of assurance thereon and our work cannot be relied upon to disclose errors, fraud or illegal acts that may exist.

---

| | | |
|:---|:---|:---|
| ![](ex99-1_007.jpg) | LP LMS 2023-1 Asset Securitization Trust | Consulting Report |

---

The Report contains a description of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the type of assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the sample size;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) how the sample size was determined and, if applicable, computed; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the scope and manner of the Services performed.

None of the engagement Scope Procedures or Report was intended to address, nor did they address, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the value of collateral securing such assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the compliance of the originator of the assets with federal, state, and local laws and regulations; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other
requirements.

We have not verified the information we obtained or presented in the Report, unless specified therein.

**Use of the Report**

This letter and the Report are solely for your information and internal use and to assist you in the evaluation of the Transaction. You agree that without the prior written consent of CBIZ MHM, LLC ("CBIZ" or "Consultants"), you will not circulate, quote or otherwise refer to this Report or a copy of all or any portion thereof. Notwithstanding the foregoing, you may provide copies of the Report in accordance with the terms and conditions set forth in the Engagement Letter dated January 25, 2023 and to your legal representatives or other professional advisors solely for their informational use in connection with the Transaction provided that (1) this letter shall be attached at the front of the Report at the time of disclosure, and (2) any such legal representative or other professional advisor has agreed to keep the Report confidential and fully releases CBIZ from any liability arising out of, or in reliance upon, this Report.

**Updating the Report**

We have no responsibility to update this letter or the Report for events or circumstances occurring after the date of this letter.

Very truly yours,

CBIZ MHM, LLC

---

| | |
|:---|:---|
| By: | /s/ M. Michael Aquino |
|  | M. Michael Aquino, Lead Managing Director |

---

CBIZ MHM, LLC

THIS REPORT IS FOR CLIENT'S INTERNAL USE ONLY AND SHOULD NOT BE RELIED UPON BY ANY THIRD PARTY

---

| | | |
|:---|:---|:---|
| ![](ex99-1_007.jpg) | LP LMS 2023-1 Asset Securitization Trust | Consulting Report |

---

**<u>Legal Notice</u>**

This Report is provided solely to Client for its internal use and information, pursuant to our Engagement Letter dated January 25, 2023 with no third-party beneficiaries being created thereby, and is subject in all respects to the terms and conditions of that letter, including restrictions on disclosure of this Report to third parties.

If this Report is received by anyone other than Client, the recipient is placed on notice that the attached Report has been prepared solely for Client for their internal use and this Report and its contents may not be shared with or disclosed to anyone without the express written consent of Client and CBIZ. CBIZ shall have no liability, and shall pursue all available legal and equitable remedies against recipient, for the unauthorized use or distribution of this Report to third parties.

**<u>Legal Representation</u>**

Client acknowledges and agrees that it is responsible for its own legal representation and guidance related to the Transaction and that it will consult its own legal resources before acting upon any deliverables CBIZ provides under this Report. Client further acknowledges and agrees CBIZ is not a law firm and is not providing legal advice or analysis and that CBIZ has not engaged legal counsel with respect to the services, and that matters of legal interpretation are beyond the scope of the services. CBIZ expressly disclaims any and all responsibility for the accuracy, adequacy, completeness or appropriateness of any legal document, relating to the Transaction or otherwise, reviewed during the performance of services as outlined herein.

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| | | |
|:---|:---|:---|
| ![](ex99-1_007.jpg) | LP LMS 2023-1 Asset Securitization Trust | Consulting Report |

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**<u>General Information</u>**

During this engagement, the Consultants conducted discussions with the following Company personnel:

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| | | |
|:---|:---|:---|
| **Individual** | **Title** | **Tenure** |
| Christopher Johnson | SVP, Head of Capital Markets | 1 year, 7 mos. |
| Ajay Pandey | VP of Data, Capital Markets | 3 years, 5 mos. |

---

**<u>Report-Specific Terminology</u>**

The following abbreviated terminology is used at times throughout this Report:

 LendingPoint 2018-1 Funding Trust and

 LP LMS 2023-1 Asset Securitization Trust

 needs to be determined

**<u>Other Notes</u>**

Throughout the various tables presented in the report and accompanying exhibits, slight differences in totals may exist due to rounding occurrences. Any material variances that may occur are discussed within the body of the report.

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| | | |
|:---|:---|:---|
| ![](ex99-1_007.jpg) | LP LMS 2023-1 Asset Securitization Trust | Consulting Report |

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**TABLE OF CONTENTS**

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| | | |
|:---|:---|:---|
| **[STATEMENT OF WORK](#a_001)** | **[STATEMENT OF WORK](#a_001)** | **8** |
| **A.** | **[DATA INTEGRITY TEST FOR LOAN](#a_002)** | **10** |

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**EXHIBITS**

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| | |
|:---|:---|
| **A.1** | **DATA INTEGRITY TEST FOR LOANS** |

---

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| | | |
|:---|:---|:---|
| ![](ex99-1_007.jpg) | LP LMS 2023-1 Asset Securitization Trust | Consulting Report |

---

**STATEMENT OF WORK**

**PURSUANT TO THE ENGAGEMENT LETTER**

**DATED JANUARY 25, 2023 BY AND BETWEEN**

**CBIZ MHM, LLC ("CBIZ")**

**AND LENDINGPOINT LLC ("SELLER" AND, "SERVICER"), LENDINGPOINT 2018-1**

**FUNDING TRUST ("SELLER, "DEPOSITOR" OR "FUNDING TRUST") AND LP LMS 2023-1**

**ASSET SECURITIZATION TRUST ("ISSUER", "SPV", "PURCHASER" OR "COMPANY"), COLLECTIVELY "YOU" OR "CLIENT"**

**<u>Relevant Entities:</u>**

LendingPoint LLC, as Seller and Servicer ("Seller" and "Servicer"), LendingPoint 2018-1 Funding Trust ("Seller", "Depositor" or "Funding Trust") and LP LMS 2023-1 Asset Securitization Trust ("Issuer", "SPV", "Purchaser" or "Company" and together with the Sellers and the Servicer, "you" or "Client")

**<u>Time Periods to be tested</u>:**

See the below Scope of Services

**<u>Location</u>:**

Remotely in the CBIZ office in Plymouth Meeting, PA

The Company's office in Kennesaw, GA (if necessary or required)

**<u>Additional Request</u>:**

Document all discussions with and inquiries of management.

Note: All samples are judgmentally selected unless specified by Client.

Consultant report should provide for glossary of defined terms which will serve as a point of reference for all capitalized terms found in the consulting report.

Consultant report should provide for a table listing individuals at the Company that provided assistance and/or are referenced in the consultant report. Table should provide for the following: name, title, phone number, affiliation, and tenure.

Consultant report should separately identify material weaknesses from observations made that may represent improvements to the Company's processes.

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| | | |
|:---|:---|:---|
| ![](ex99-1_007.jpg) | LP LMS 2023-1 Asset Securitization Trust | Consulting Report |

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**SCOPE OF SERVICES**

&nbsp;&nbsp;&nbsp;&nbsp;**A.** **Data Integrity Test for LP LMS 2023-1 Asset Securitization Trust** 

&nbsp;&nbsp;&nbsp;&nbsp;1. From the electronic data file provided by the Client as of December 31, 2022 or latest month-end, select a sample of the largest 100 loans
and another 100 loans selected on a judgmental basis (total of 200 loans to be tested - "Sample Group") and perform the following data
integrity test. For items marked below as "confirm", note whether the item is noted as part of the underlying documentation. For items
marked as "compare", agree the item on the data tape to the Company's underlying system. For items marked as "calculate ", calculate the
noted item listed below for accuracy against the data file provided by the Servicer:

&nbsp;&nbsp;&nbsp;&nbsp;a. Confirm and Compare Borrower's name (Y/N)

&nbsp;&nbsp;&nbsp;&nbsp;b. Confirm and Compare Borrower's state

&nbsp;&nbsp;&nbsp;&nbsp;c. Compare current loan receivable balance

&nbsp;&nbsp;&nbsp;&nbsp;d. Confirm and Compare original dispersed loan receivable balance. The consumer may have signed a loan
 agreement for $X, but the final dispersed amount may be for an amount less or more than $X due to added or decreased costs of the
 products or service being bought by the consumer from the merchant. The original dispersed loan receivable balance is denoted in the
 the loan term notice email sent to the consumer on or after funding of the loan as the "loan amount."

&nbsp;&nbsp;&nbsp;&nbsp;e. Confirm and Compare loan receivable interest start accrual date.
The interest accrual start date is the date that interest starts accruing on the loan which is also the same date as the data denoted
as the "effective date" on the loan term notice email sent to the consumer on or after funding of the loan.

&nbsp;&nbsp;&nbsp;&nbsp;f. Calculate and Compare loan receivable original term in months
to maturity as of the Funding Date

&nbsp;&nbsp;&nbsp;&nbsp;g. Compare Borrower's FICO score at origination. FICO score

&nbsp;&nbsp;&nbsp;&nbsp;h. Compare Borrower's credit grade (at origination)

&nbsp;&nbsp;&nbsp;&nbsp;i. Confirm and Compare Borrower's original APR. The original
APR is the annual percentage rate on the Borrower's loan which is also the same data denoted as the "APR" on the loan
term notice email sent to the consumer on or after funding of the loan.

&nbsp;&nbsp;&nbsp;&nbsp;j. Calculate and Compare delinquency status (days past due) (as
of the end of the applicable Collection Period).

&nbsp;&nbsp;&nbsp;&nbsp;k. Compare Scheduled Payment Amount

&nbsp;&nbsp;&nbsp;&nbsp;2. Document your testing results in a worksheet. In your written summary of results, note any exceptions
and management's response to such. **Note that the names of Obligors should remain anonymous in documenting test results.** 

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| | | |
|:---|:---|:---|
| ![](ex99-1_007.jpg) | LP LMS 2023-1 Asset Securitization Trust | Consulting Report |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A.** **Data Integrity Test for Loan** 

The Originator provided an electronic data file as of December 31, 2022 for all pledged receivables. The Consultants selected a sample of the largest 100 loans and a judgmental sample of another 100 loans (total of 200 loans - "Sample Group").

All 200 pledged receivables were tested according to the requested Scope of Services procedures. The schedule for the Data File Integrity Test can be found as Exhibit A.1.

The Consultants noted the following results amongst the sampled 200 pledged receivables based on inquiry of management and testing:

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| | | | |
|:---|:---|:---|:---|
| <br>&nbsp;&nbsp;**DATA INTEGRITY TEST** | &nbsp;&nbsp;**SAMPLE**<br>&nbsp;&nbsp;**SIZE** | &nbsp;&nbsp;**EXCEPTIONS**<br>&nbsp;&nbsp;**FOUND** | <br>&nbsp;&nbsp;**%** |
| &nbsp;&nbsp;a. Confirm and Compare Borrower's name (Y/N) | &nbsp;&nbsp;200 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;b. Confirm and Compare Borrower's state | &nbsp;&nbsp;200 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;c. Compare current loan receivable balance | &nbsp;&nbsp;200 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;d. Confirm and Compare original dispersed loan receivable balance | &nbsp;&nbsp;200 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;e. Confirm and Compare loan receivable interest start accrual date | &nbsp;&nbsp;200 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;f. Calculate and Compare loan receivable original term in months to maturity as of the Funding Date | &nbsp;&nbsp;200 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;g. Compare Borrower's FICO score at origination | &nbsp;&nbsp;200 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;h. Compare Borrower's credit grade (at origination) | &nbsp;&nbsp;200 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;i. Confirm and Compare Borrower's original APR | &nbsp;&nbsp;200 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;j. Calculate and Compare delinquency status (days past due) (as of the end of the applicable Collection Period) | &nbsp;&nbsp;200 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |
| &nbsp;&nbsp;k. Compare Scheduled Payment Amount | &nbsp;&nbsp;200 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower name on the December 31, 2022 electronic
data file was compared to the system and confirmed to the Borrower Name on the Borrower's Loan Agreement without exception.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower state on the December 31, 2022 electronic
data file was compared to the system and confirmed to the Borrower's Loan Agreement without exception.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Borrower's current loan receivable balance on the
December 31, 2022 electronic data file was compared to the system without exception.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Borrower's original loan receivable balance
on the December 31, 2022 electronic data file was compared to the system and confirmed with the Borrower's Loan Term Notice Email
without exception.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The loan receivable interest start accrual date on the December 31, 2022 electronic data file was compared to the system and confirmed with the Borrower's Loan Term Notice Email without exception.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Borrower's loan receivable original term in months to maturity as of the Funding Date on
 the December 31, 2022 electronic data file was calculated and compared to the system without exception.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Borrower's FICO score at origination on the December 31, 2022 electronic data file was compared to the system without exception

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Borrower's credit grade at origination on the December 31, 2022 electronic data file was compared to the system without exception.

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| | | |
|:---|:---|:---|
| ![](ex99-1_007.jpg) | LP LMS 2023-1 Asset Securitization Trust | Consulting Report |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Borrower's original APR on the December 31, 2022 electronic
data file was confirmed to the Borrower's Loan Agreement and compared to the system without exception.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) The Borrower delinquency loan status on the December 31, 2022 electronic
data file was calculated and compared to the system without exception.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The Scheduled Payment Amount on the December 31, 2022 electronic data
file was compared to the system without exception.

---

| | | |
|:---|:---|:---|
| ![](ex99-1_007.jpg) | LP LMS 2023-1 Asset Securitization Trust | Consulting Report |

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