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Anyone notice in the last week or so that the LC server's are having more trouble keeping up with the load when they post new notes?  Seems like more people with automation may be getting into the game.

Markup/Discount and YTM are now shown for you on the sales page.  If you do anything manually, this will save you a lot of calculator time!

Edit:  Significantly less awesome is that the repricing screen does not have this new data.

That is built in with the "Now Current" filter.  Granted though, it also shows notes currently in grace.

https://forum.lendacademy.com/index.php?topic=1674.msg13445#msg13445">Quote"> from: howler99 on October 19, 2013, 10:48:17 AM

I wonder if that note has a payment being processed right now, since the original due date was 10/3 and the page says the next pay date is 11/9, that would be quite an extension if that's not just a display bug and there's really a payment being processed for 10/9.

The Info link is a blank anchor tag right now, so it's not a client side bug anyway!

Core, it's fairly apparent that you're generally working on a high volume method, but I find it surprising you're able to identify so many notes for sale that can stand a price increase of over 1% to balance the sales fee on your side and still flip quickly. 

Thoughts:
FolioFn is comprised of two main streams of notes: fast moving notes that people using automated tools snap up very quickly, and slow moving notes that sit around.  You can't be targeting the fast moving notes because you couldn't get the volume you need, and you can't be targeting the slow moving notes because they're already moving slowly.  You therefore seem to have some ability to take a loan that would sit around and turn it into a note that sells fairly quickly while making a profit.  There's no obvious logical way this could happen, so one of the following is most likely true:

There are a ton of totally irrational buyers that buy marked up notes they wouldn't buy when they were less marked up
You're better and faster on the trigger to grab the quick moving notes than I think is possible at your volume
You have a personal algorithm to pick out slow moving notes that will sell reliably but slowly at a higher price
You have some way of marketing your notes as good buys to the public

Does anyone know off-hand how loans with payments remaining less than the outstanding principal work?  I've got the below loan that's standard, current, never had any weird late stuff, but the math doesn't work out to remove all the principal.

I'm guessing payments remaining is a rounded estimate, and the loan will have a mini balloon style payment at the end?



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https://forum.lendacademy.com/index.php?topic=1629.msg12901#msg88888888Quote"> from: Fred on September 27, 2013, 03:06:50 AM

https://forum.lendacademy.com/index.php?topic=1506.msg12601#msg88888888Quote"> from: core on September 19, 2013, 07:32:51 AM

These days the most desirable loans fund in seconds to minutes, and there's no time to ask questions, let alone wait for an answer.  I'd almost look at any (recently issued) loan that had answered questions with extreme suspicion due to it needing to have sat around for the questions to have been answered.

https://forum.lendacademy.com/index.php?topic=1555.msg12210#msg88888888Quote"> from: core on September 11, 2013, 09:31:20 AM

It wouldn't be a yacht, you need to get up to some really high speeds to catch enough air to skim over a port, so probably a racing speedboat.

Really though, it's short for portfolio.

One point I would raise is that while A rated loans are safer from default risk on an individual level, lower rated loans will statistically give you better overall returns due to the large diversification allowed with $25 pieces of loans.  Volatility on returns will not be substantial with a large enough volume of loans in your portfolio.

The borrow simply pays what you see on the note's info page under "Interest Rate", plus an origination fee.  LC fees are taken out of their payments, not rolled into the loan rate or anything tricky.

LC verifies a large number of loans, >50%, and they have some internal mechanism for determining who to review.  Historically and statistically, you are apparently safe either way as I recently found out.

How are you looking at FICO trends for all your notes?  Are you comparing different loans.csv files, or are you relying on the latest one?

4chan goes about half a mile past anime, turns left at the crossroads, and then heads straight down.