JG Wentworth (PRIVATE.JGW)

The J.G. Wentworth Company, a consumer financial services company, provides solutions to consumers in need of cash in the United States. It operates through two segments, Structured Settlements and Annuity Purchasing, and Home Lending. The Structured Settlements and Annuity Purchasing segment offers liquidity to its customers through purchasing structured settlement payments, a financial tool used by insurance companies to settle claims; purchasing annuities, insurance products purchased by individuals from insurance companies entitling the beneficiary to receive a pre-determined stream of periodic payments; and purchasing lottery receivables prizes that generally have periodic payments and are typically backed by state lottery commission obligations or insurance company annuities. The Home Lending segment originates conventional, Federal Housing Administration, or FHA, and Veterans Administration, or VA, mortgage loans. Its mortgage loan products include prime conforming, prime non-conforming, and government mortgage loans. The company also engages in the warehousing and resale or securitization of various financial assets. It offers its products and services under the JG Wentworth and Peachtree brand names. The company was formerly known as JGWPT Holdings Inc. and changed its name to The J.G. Wentworth Company in September 2014. The Company was incorporated in 2013 and is based in Radnor, Pennsylvania.