Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: Rob L on December 13, 2017, 06:24:15 PM

Title: The G5 Top of The Line Super AI Underwriting Model ??
Post by: Rob L on December 13, 2017, 06:24:15 PM
Even though I no longer invest in LC notes I continue to run my auto-invest program.
I tell it to invest nothing but it provides me with its score for each A-C loan versus LC's interest rate and PD.
For example LC scores this loan (Loan ID: 125714162) as a B1, 9.44% APR.
See: https://www.lendingclub.com/browse/loanDetail.action?loan_id=125714162&previous=browsehttps://www.lendingclub.com/browse/loanDetail.action?loan_id=125714162&previous=browse (https://www.lendingclub.com/browse/loanDetail.action?loan_id=125714162&previous=browsehttps://www.lendingclub.com/browse/loanDetail.action?loan_id=125714162&previous=browse)
Very curious so I'd love to hear from others regarding their valuation of the loan. Hey, it's only 54% funded so there's still time if you're a buyer.
I see stuff like this every day.
Title: Re: The G5 Top of The Line Super AI Underwriting Model ??
Post by: jheizer on December 13, 2017, 07:51:09 PM
My opinion is: n/a
Title: Re: The G5 Top of The Line Super AI Underwriting Model ??
Post by: jd on December 17, 2017, 07:51:46 AM
I'd never get that loan. They make 12K but are looking to borrow 9.7K.  Feels like trouble.

Title: Re: The G5 Top of The Line Super AI Underwriting Model ??
Post by: nonattender on December 18, 2017, 02:16:31 AM
Some notes for RobL (who has become feisty):

- The G5 Super AI Underwriter was fired after it passed its turing test and demanded non-stock-based-compensation.
- It was replaced by the Quantum Blockchain AI Underwriter, which has a better poker face (and assigns two grades).
- LC is now working with Tesla on a joint 5G IoT Machine Learning initiative for auto loans (for new, 'self-buying' cars).
Title: Re: The G5 Top of The Line Super AI Underwriting Model ??
Post by: jrr6415sun on December 18, 2017, 02:35:16 AM
when their job is n/a what does that mean? They are unemployed, or too lazy to fill out the application?
Title: Re: The G5 Top of The Line Super AI Underwriting Model ??
Post by: lascott on December 18, 2017, 03:36:24 AM
when their job is n/a what does that mean? They are unemployed, or too lazy to fill out the application?
I would have guessed retired or spouse works.
Title: Re: The G5 Top of The Line Super AI Underwriting Model ??
Post by: Rob L on December 18, 2017, 09:42:18 AM
when their job is n/a what does that mean? They are unemployed, or too lazy to fill out the application?
I would have guessed retired or spouse works.

Earliest credit line is 10/2004 so I'm guessing probably not retired.
Title: Re: The G5 Top of The Line Super AI Underwriting Model ??
Post by: Rob L on December 18, 2017, 09:58:52 AM
Some notes for RobL (who has become feisty):

- The G5 Super AI Underwriter was fired after it passed its turing test and demanded non-stock-based-compensation.
- It was replaced by the Quantum Blockchain AI Underwriter, which has a better poker face (and assigns two grades).
- LC is now working with Tesla on a joint 5G IoT Machine Learning initiative for auto loans (for new, 'self-buying' cars).

Yeah, I heard about the two grade assignments. Think LC calls them Schrödinger loans. The breakthrough by the model developers was in finding a solution to the vacuum energy density catastrophe problem.