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Topics - SeanMcD

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Interest Radar / Suggestion: Available Cash
« on: May 24, 2013, 03:18:33 PM »
Any chance an Available Cash entry could be added somewhere on the My Portfolio page?  This is one of the few things that I currently need to log into each account to check, and it would be great to capture that.

Suggestions / Lend Academy link at top of forum
« on: March 27, 2013, 04:41:59 PM »
Minor suggestion - the Lend Academy link at the top of the forum page used to link back to the main Lend Academy blog (, but a few days ago was changed to the forum home (  It was pretty convenient to have a link that jumped back out to the main blog, and there are already two other links on all forum pages that take you to the forum home.  Any chance of getting this put back the way it was?

Interest Radar / Loan Information - recent sales
« on: February 21, 2013, 03:05:49 PM »
On the Loan Information page, would it be possible to add a Principal column to the list of recent sales like you have in the list of notes currently for sale?  That would be useful information when pricing loans.

Interest Radar / IR04/Unknown Risk
« on: February 18, 2013, 05:33:48 PM »
I still struggle with the IR04/U loans, and would love to see some additional data that would help speed up my decision to invest in them.  If I understand correctly, these are loans in which the value of one of the attributes used to create a score is too far outside the statistical norm to make any valid predictions about how that attribute affects the loan's chance of default.  The IR01 model skips that attribute and gives a score based on the remaining attributes, but the IR04 model just assigns the loan a "U" rating.

There are a few pieces of information that I'm usually trying to guess at when I look at a "U" loan, and that would make the process much easier if exposed.
  • Which attribute is outside of the norm?  Sometimes I can guess, but other times it could be one of a few items, not all of which I have the same level of concern about.
  • How many attributes are outside of the norm?  I would probably take a risk on a loan with a good IR01 score if there's only one attribute causing the IR04/U, but not if several of the attributes are in uncharted territory.
  • How far outside of the norm are we talking about?  There's probably a fair difference between Recent Inquiries = 4 and Recent Inquiries = 12, and not all of the attributes' ranges may be as obvious.

The score itself wouldn't need to change but it would be great to see some of this info made available, maybe by highlighting outlier attributes on the loan detail page, or in a pop-up window similar to the way the contributors to Estimated Loss (Words) is displayed.  I don't know if any of these are already on your list of planned improvements, but they would go a long ways towards making those investments as quick and as easy as the 400+/L-M loans.

Interest Radar / Current listings pop-up
« on: February 12, 2013, 08:13:08 PM »
Clicking the LoanID of a current listing on the analysis page no longer opens a small summary window, but instead opens another IR tab with the full loan info.  Was that change intentional?  I liked the summary pop-up for quick checks.

Investors - LC / FolioFn monthly statements
« on: February 01, 2013, 02:17:39 PM »
Nice enhancement here - the NoteID in the monthly trading statement is now a link to the note, so you don't lose the Loan/Note/Order numbers necessary to check back on the loan later.  Looks like they started doing this partway through December, but I didn't see it until this month's summary.  It's a minor improvement, but appreciated.

Interest Radar / Unverified income
« on: January 23, 2013, 12:36:25 PM »
It doesn't look like the IR01/IR04 scores have any sort of sanity check against unverified income levels.  I'm looking at this loan:  It has an IR score of 404/L, which is great, but I have trouble believing that someone making $568,000 per year needs to borrow $35K for debt consolidation, or that they would only have $20K available in credit lines.

I know that unverified incomes are part of the analyzed data that makes up the scores, and in general, it doesn't matter whether the income is stated accurately or not, but it seems like it would be worth adjusting for unverified incomes that are way out of the norm.  I would expect this loan to at least have an IR04 rating of U - there can't be very many data points for borrowers with $500K+ income levels.

Interest Radar / Portfolio Breakdown
« on: January 16, 2013, 03:50:34 PM »
The Strategy section of My Portfolio/Breakdown is kinda weird.  It only really makes sense if you have mutually exclusive filters - if there's any overlap, the note is assigned to the first filter it encounters.  It seems like it would be more useful if all the notes that matched a given filter were included here, so you could get an accurate idea of how your different filters compared.

If that's possible, there should at least be an option to set the order in which the filters are applied.  The first filter that's used on that page for me is a more relaxed super-set of my primary filter, so I get no real info about how the loans I've picked up using the less stringent criteria are affecting things.

One other request - it would be great if average loan length could be included as a column.  That value seems to come up a lot in forum discussions, and it would be nice to not need to upload notes to a different site to get at it.

Investors - LC / Account Total for IRR tracking
« on: December 11, 2012, 05:51:38 PM »
Since I started tracking my IRR in Excel, I've been taking a snapshot of the values at the end of each month and saving them for comparison.  While I was looking through monthly statements recently, I noticed that the value shown for the Account Total at the end of the month was always significantly lower than the value that appeared on the site that day.  The difference is that the total on the site includes accrued interest, whereas the monthly statement only includes cash, loans in funding, and outstanding principal.

The difference seems to be about 1%, a not insignificant amount - for Lending Club's prototypical 800 note account, that's a difference of $200 and a few percentage points of ROI.  For those of you tracking IRR and publishing monthly/quarterly results, which value are you using and why?

Interest Radar / Suggestion thread
« on: November 30, 2012, 03:33:30 PM »
A couple of suggestions that I would find useful - others can add to the thread if this is helpful.

  • Ability to enter a single loan ID and get back the expected ROI, IR01, and IR04 scores, similar to the new Quick Lookup on NS
  • Reversible sorting columns on the Analysis page
  • When investing in loans from the Analysis page, it would be great if the new LC page/tab opened on click was re-used for each loan.  As it stands now, if I invest in 10 loans, I have to close 9 extra tabs when I'm ready to place my order.


Investors - LC / Larger notes on FolioFn
« on: October 23, 2012, 03:21:54 PM »
I'd like to hear from someone who carries notes larger than the $25 default and who regularly uses FolioFn for buying or selling notes. 

I started with Lending Club in March 2012, and currently have about 700 notes, all initially $25.  I'm preparing to set up a couple IRA accounts with LC, and based on the amount of time it took to fully fund my original account, I'm considering moving to higher-denomination notes.  One of my biggest concerns with that (other than the obvious reduction in diversity) is my ability to sell notes on FolioFn if I change my critera or don't like the way the loan's going.  I do this fairly often on my main account - about 150 notes sold in the last 6 months. 

Since FolioFn doesn't have any way to see notes that have been purchased (or almost anything else of interest), I'd like to hear whether $50-$100 notes are easier or more difficult to sell in general.


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