Lend Academy Network Forum

Lending Club Discussion => Foliofn - LC => Topic started by: mikedev10 on January 08, 2019, 11:10:10 AM

Title: investor fee
Post by: mikedev10 on January 08, 2019, 11:10:10 AM
hmm i'm new here but hey fellas what is this?  just had a first set of payments 1/7; received 7.28 and had an investor fee of 0.07.  is this something that would show up for a primary note as well, or only secondary?  does the ytm already take this into account?  i was under the impression the only "fees" for a normally performing loan on the secondary market would be the 1% charged to the seller.
Title: Re: investor fee
Post by: storm on January 08, 2019, 11:34:40 AM
1% fee is taken from all borrower payments no matter how you acquired the note.
Title: Re: investor fee
Post by: lascott on January 08, 2019, 02:25:08 PM
The 1% is pretty easy to do in your head when you see your overall days totals. If it doesn't work out to 1% then there may be collection fees.

An example I had recently.

(https://i.imgur.com/ayFW8ZS.jpg)
(https://i.imgur.com/QJYQrE4.jpg)
Title: Re: investor fee
Post by: mikedev10 on January 08, 2019, 05:16:15 PM
1% fee is taken from all borrower payments no matter how you acquired the note.

i see, thanks guys.  thought it might have only been secondary due to the note column.  i have only 1 loan which just got issued in the primary market.