Author Topic: Reduced Cash Drag  (Read 1972 times)

rawraw

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Reduced Cash Drag
« on: August 01, 2016, 06:02:22 PM »
Isn't this a good thing?

We recently updated our loan listing process. Loans will be listed for at least 14 days (unless fully committed earlier) and up to 30 days.  Historically most loans have been fully committed in about a week*.  Additionally, under our new process, most loans are listed after they have been approved.  This reduces the likelihood that loans to which investors commit will not issue and that investor’s committed cash will be returned uninvested.

Fred93

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Re: Reduced Cash Drag
« Reply #1 on: August 01, 2016, 07:40:27 PM »
Isn't this a good thing?

Yea, I think so.

Emmanuel

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Re: Reduced Cash Drag
« Reply #2 on: August 02, 2016, 07:48:19 PM »
I think so as well. Committing money to a loan that ends up not being issued if a waste of opportunity for investors.