Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: panther02912 on August 04, 2016, 01:27:42 PM

Title: how fast do most-desired new loans fill?
Post by: panther02912 on August 04, 2016, 01:27:42 PM
When I log in after a batch of loans post, I can watch as certain, choice loans fill in a few seconds (watching percent-funded, as I refresh a loan's page).  This leads me to wonder if some loans are filling even faster than I can see, instantaneously in human-time. 

Does anyone have insight into how quickly the shortest-lived loans are filled?
Title: Re: how fast do most-desired new loans fill?
Post by: Fred93 on August 04, 2016, 01:56:36 PM
I don't use words like "choice loans", because which loans are actually the best to invest in is a complex subject, with widely differing opinions.  However, there are loans that more people want than others, and those do go quickly.

Last year I produced this data.  I just polled the API once a second and recorded the numbers.  (Note: You can try to poll once per second, but sometimes, especially right at feeding time, LC takes longer than 1 second to respond, so the data points aren't exactly spaced 1 second apart.  The horizontal axis is the actual timestamp of the response.

(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Ffred93.com%2Ffbi%2Fhowfasttheybuy.png&hash=617681da3ee0bc5ea6f4597c85e029de)

I haven't rerun this recently.  I think you can see the general situation.  Look at the grey curve.  Significant activity in the first 15 seconds.

The format of the numbers on the horizontal axis are mm:ss.s, where mm is minutes and ss is seconds.
Title: Re: how fast do most-desired new loans fill?
Post by: SLCPaladin on August 04, 2016, 02:38:56 PM
I read a very thorough, 4-part analysis on Anil's site a few years ago where he explored whether the quickest funding loans were the best performing loans:

https://www.peercube.com/blog/post/24

He basically came to the conclusion that loans that are funded the quickest are not necessarily the best in terms of ROI or lower default rate, except for perhaps the A and B grade loans. I don't know if that is still true today. I am hoping it is because I'm an unsophisticated buyer and rely LC's auto-invest, which I presume is slower than some of the APIs and subscription-based services out there.
Title: Re: how fast do most-desired new loans fill?
Post by: Emmanuel on August 04, 2016, 02:44:08 PM
You can see the real-time funding of the loans in the latest LC batch on https://www.lendingrobot.com/#/resources/latest/LC/

For instance, on the 10 AM loans release, out of 29 loans, only 7 are still available...