Lend Academy Network Forum
Lending Club Discussion => Foliofn - LC => Topic started by: mikedev10 on January 08, 2019, 11:10:10 AM
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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.
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1% fee is taken from all borrower payments no matter how you acquired the note.
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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)
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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.