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Topics - jpildis

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1
Foliofn - LC / Secondary Market Inventory LOW
« on: July 22, 2017, 11:42:53 AM »
The inventory of available loans is about 1/2 of normal.  Could this be due to LendingRobot being down? It's a bit scary if their customers are 1/2 of the market.

2
Foliofn - LC / New LC HArdship Plans and Folio
« on: April 14, 2017, 06:27:50 PM »
Does anyone know if/how loans that are in LC's new Hardship program will be noted as such on folio?  I've sent a question to LC and I will share whatever I get back.

My obvious concern is that a note will be on a hardship plan and it will still show current on LC & Folio.  There are going to be new fields showing the hardship status but I'm sure the brainiacs at Folio won't add that to the screening options.

3
Foliofn - LC / I just made a $4500 donation to the Folio community
« on: March 29, 2017, 07:11:26 PM »
Well, kids, I'm hoping some of you kind souls just scored 80-90% discounts on Never Late, Current loans with FICOs between 630 & 659.  I made a bone-headed error in a selling formula... these should have been listed at around a 10% discount. The transactions have not cleared yet so maybe a few will get canceled due to payments but the carnage is very real.

If you were lucky enough to be on the receiving end of this unintended bargain and would like to help fund my therapeutic Scotch habit, you can assuage your guilt by making a donation to my paypal account: jon@pildis.com

Thanks for reading and always double-check you selling formulas!

Jon

4
Foliofn - LC / FICO's updated... kind of
« on: March 13, 2017, 04:14:34 PM »
So FICO scores are updated for March and are now accurately reflected in Folio.  The only problem is that they are not updated in the "Download All - Extended" file that many of us use for Folio selling... be careful out there.

5
Foliofn - LC / FICOs updated on the 12th!
« on: January 13, 2017, 10:32:47 AM »
Much earlier than prior months... be careful out there.

6
Investors - LC / FICOs not really updated
« on: October 14, 2016, 01:58:02 PM »
Here's a good one... LC is shoing that new FICOs we're pulled on 10/13 but I cannot detect any score changes.  Be careful out there.

7
Investors - LC / Recoveries of Charge-Offs
« on: August 27, 2016, 11:06:02 AM »
I've been consistently selling my Late loans once it's clear they are going to charge-off (days since last payment >100).  I generally price them right at the edge of the market to ensure they sell and this is usually a 90% discount of principal + accrued interest.

They always sell very quickly (even when the FICO is <500) which got me thinking... someone is out there mopping-up these soon-to-charge-off loans and I assume they are not doing it as a charity.  Has anyone recently ran the numbers on recoveries based on grade, FICO, etc.?

Thanks

8
So here's the deal...

I'm a customer on Realty Mogul and they are trying to attract new customers.  They are running a referral deal where the existing customer doing the referring and the new customer signing up both get $150 Amazon gift card.  No investment is required... just sign-up, certify that you are an accredited investor and you'll get the gift card.

I've already tapped into my friends and I've used 5 of my 6 referrals.  I have one left for the community. Email me at jon.pildis@gmail.com if your interested.  Please make sure:

1) you're actually interested in Realty Mogul
2) you're an accredited investor - "In the United States, to be considered an accredited investor, one must have a net worth of at least one million US dollars, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year."
(source: https://en.wikipedia.org/wiki/Accredited_investor)

9
Interest Radar / Interest Radar and BlueVestment to Merge
« on: June 08, 2015, 09:27:20 AM »
Here's Ricardo's email to IR customers:

Dear Interest Radar user,

I’m very pleased to announce a new partnership between Interest Radar and BlueVestment (www.bluevestment.com). BlueVestment has been in the peer to peer lending market since 2013 and is growing rapidly. With this merge we expect to become the fastest and most comprehensive P2P Analytics and Automation service on the internet, marking the beginning of an exciting new phase. As our valued customer, you will now benefit from the combined expertise of the people behind both companies.

The Plan
In two to three months we will start merging the two websites, bringing to BlueVestment the additional features currently available on Interest Radar. Once full functionality has been achieved on the BlueVestment platform, the Interest Radar website will be discontinued.

What Changes Now
For now, nothing changes for you. The Interest Radar site will still offer all of the features it always has, and will continue to be available until the merger with BlueVestment is complete. Your current subscription will be fully honored, regardless of the implementation timeline.
 
Thank you for being a valued user and for supporting Interest Radar. I hope that you share with me the excitement of this news. Please do not hesitate to contact me if you have any questions.
 
Very sincerely,
Ricardo Basto
interestradar.com
Amandus Capital Solutions LLC

10
BlueVestment / BlueVestment and Interest Radar to Merge
« on: June 08, 2015, 09:25:11 AM »
Here's Nathan's letter:

Dear Valued BlueVestment Customer,

We’re very pleased to announce that BlueVestment and Interest Radar (IR) have agreed to merge, effective June 13th, 2015.  Our name will remain BlueVestment and IR’s founder, Ricardo Basto, will join the BlueVestment team as our Chief Credit Officer. We have selected the BlueVestment as our future platform and we intend on sunsetting IR as key functionality is added to BlueVestment.

As you may know, Interest Radar is one of the leading Lending Club automation tools and Ricardo has built a very rich set of tools for Lending Club investors including:

- Proprietary credit models
- Returns modeling
- Fast auto-investment
- Auto-selling on Folio
- Portfolio tracking and metrics

While we bring the two platforms together, our primary focus is you.  We’re committed to making BlueVestment the best tool for Lending Club investors and in the coming months you’ll see several big enhancements.

BlueVestment is getting a facelift.  We’re very close to launching an all new design with more portfolio metrics, easier navigation & email alerts. Along with this, we are super excited to bring to everyone:

- Implementing the Interest Radar credit models
- Adding Folio auto-selling and auto-buying
- Adding an Advisor dashboard for our RIA customers

We’ll be keeping you informed of the merger’s progress but if you have any questions or concerns, please don’t hesitate to contact Nathan or Jon.

Thank you for your business and continued support.

Very sincerely,

Nathan Marcos                          Jon Pildis
Founder                                     Director
nathan@bluevestment.com        jon@bluevestment.com

11
Investors - LC / Wonder why LC isn't updating this FICO
« on: April 22, 2015, 08:53:29 AM »
Check this out: https://www.lendingclub.com/foliofn/browseNotesLoanPerf.action?showfoliofn=true&loan_id=36510814&order_id=56493986&note_id=64252095

FICO showing 790 but hasn't been updated since January.  Some poor sap looking for bargains may buy this hoping for a turnaround based on such a high FICO.  I simply don't understand why LC has been so erratic with updating FICOs.

12
Investors - LC / FICOs Updated
« on: January 13, 2015, 05:11:45 PM »
Well, it looks like FICOs updated sometime today.  The LC website and the Folio site are reflecting the new FICO score but the CSV download of my notes are still showing the old FICO scores.  The trend field is updated but the FICOs are still from 12/10.  I cannot understand how they can have such crappy data integrity.  >:(

13
Per their announcement on the site today, the following is happening ~ Dec 10th:

We are standardizing data fields to be consistent across the Lending Club platform. As a result, some date and credit attribute fields that are not available in certain sections of the site, such as the filters on the Browse Note page, will be removed from other areas of the site.
 
Removed Date Fields:
accept_d
exp_d
list_d
 
Removed Credit Attribute Fields:
acc_now_delinq
acc_open_past_24mths
bc_open_to_buy
percent_bc_gt_75
bc_util
delinq_amnt
mths_since_recent_inq
mths_since_recent_revol_delinq
mths_since_recent_bc
mort_acc
total_bal_ex_mort
total_bc_limit
total_il_high_credit_limit
num_rev_accts
mths_since_recent_bc_dlq
pub_rec_bankruptcies
num_accts_ever_120_pd
chargeoff_within_12_mths
tax_liens
num_sats
num_tl_op_past_12m
mo_sin_rcnt_tl
tot_hi_cred_lim             
tot_cur_bal
avg_cur_bal
num_bc_tl
num_actv_bc_tl
num_bc_sats
pct_tl_nvr_dlq
num_tl_90g_dpd_24m
num_tl_30dpd
num_tl_120dpd_2m
num_il_tl
mo_sin_old_il_acct
num_actv_rev_tl
mo_sin_old_rev_tl_op
mo_sin_rcnt_rev_tl_op
total_rev_hi_lim
num_rev_tl_bal_gt_0
num_op_rev_tl               
tot_coll_amt



14
Investors - LC / Note Download Wrong
« on: October 27, 2014, 04:37:46 PM »
All - looks like the kids at LC tested some new & defective code today.  If you download your notes and look at the date of the last FICO pull, you'll see data that's at least 2 months old.  Hope nobody is processing on this.  I called LC and they said it's a known issue and the are working on it. :-\

15
Investors - LC / Monthly FICO Pulls
« on: September 26, 2014, 12:48:07 PM »
The lat mass FICO pull for already issued notes was 8/21 and I've been pinging my LC Rep. on when the next pull is going to happen.  He says that they're going to a new, more automated score updating process next month.  As for this month's pull, seems like they may skip it.  I pushed back and he said "we never said that we would pull the credit for every loan every month."  *sigh*  I hope the adults takeover the day-to-day running of LC once they're public.

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