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Topics - megamx26

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Investors - LC / Increased number of "cease and desist" requests
« on: April 30, 2016, 05:13:11 PM »
Anybody else noticing an increasing number of late payments are requesting cease and desist all communication?

Investors - LC / Find all notes that were late in the past
« on: December 04, 2015, 06:00:52 PM »
Is there a way to get a list of all my notes that were late at some point in the past even if they're current now?

Foliofn - LC / Auto selling tool
« on: August 31, 2015, 12:58:50 PM »
Hi guys, I made a script on my end that I'm using now to sell on Folio and I'm considering productizing it.  Few features including:
- all the same features as lending robot
- sell a note if it was in grace period in the past (or worse status) and then bounced back into current
- sell a note if it drops by more than a certain fico amount
- change discount based on the communication between reps and client

Future feature:  based on your notes characteristics, a recommended selling range based on past folio note sales that we monitor

My question to you guys, are there any other features you would like to see?  Is this a product you'd pay for and if so how much?

Investors - LC / Clarification on "Loan Status migration Over 9 Months"
« on: August 31, 2015, 12:43:16 AM »
I was looking at the stats again on lending club and want to confirm the following chart that I understand it properly.

What it says is if an account enters grace period, it has a 27% change that it will result in a charge off within 9 months (whether or not that means it goes into current and then later ends up defaulting).

The reason I'm asking is I had a few notes go into grace and I'm trying to figure out if I should sell them and if that makes sense to purge any and all grace notes

Foliofn - LC / Sell Strategy
« on: August 21, 2015, 03:41:25 PM »
According to LC it seems that notes that enter grace period have a 27% of charge off (i'm assuming that takes into consideration the lifespan of a loan.  ex.  it may be in grace now, go back to normal but later on end up going back to grace, late then charge off).

Given the number is 27%, is it worth it to just sell all notes that hit grace for up to 25% discount?

Investors - LC / Stats on charge offs
« on: August 11, 2015, 03:09:31 PM »
I'm trying to find what the chances of an account being charged off are if it enters a grace period or is late so I can figure out if it's worth trying to sell on the 2nd market

Anybody know of a resource where I can find this information?

Investors - LC / Historical Returns Accuracy
« on: August 11, 2015, 01:30:51 AM »
Anyone know if that stat on LC is accurate at all?  (when you log in and it shows the adjusted returns with the historical returns)

Mine is 6.5% - 9.5%   Curious what others get

Investors - LC / Filtering vs Credit Model Algorithm
« on: August 07, 2015, 11:08:13 AM »
I'm curious what the differences are and if there are any examples of how a credit model algorithm works.

Investors - LC / Differing stats
« on: August 04, 2015, 09:36:50 PM »
Curious if anyone can shed some light why nsrplatform, interestradar, lendingharbor, lendingrobot each different in terms of what they say the ROI/IRR/etc. will be when you set a criteria in.  Often wildly.

ie.  interest radar says there's up to a 2% IRR difference between loan amounts on low to end scale.  NSR says no difference at all.  LendingHarbour also says there's a difference and then LendingRobot says almost no difference.  Who do you trust to model your portfolio after?

I thought NSR was the go to but I've seen interestradar and lendingharbour disagree with it on multiple fronts.

LendingRobot / Estimated Return
« on: August 04, 2015, 09:05:25 PM »
So I have a pretty decent criteria that most people subscribe to.

inq6 = 0
home = mort, own
purpose = cc, dc
remove a few states

the highest i can get it on lending robot for a return is
Estimate: 11% 5.32% Return, 24 loans / week

if i set up a new rule where i only use their "expected return" i get
Estimate: 14% 6.99% Return, 23 loans / week  (if we're comparing the 24 loan above to the 23 loans per week here)

On NSR there's no combination that I can find where I get anything even close to a 14% so my question is anyone have any insight as to what filtering lending robot is doing and if it should be trusted over using your own filter?

Investors - LC / Expected Return Number
« on: August 04, 2015, 06:31:35 PM »
I had a "expected return" of 8-12% based on a criteria i set when i joined.  i recently added 9x times more money to the account and a few loans later that number now dropped to 6-10%.  did some data get updated recently or do they measure how quickly the money is getting depleted so now that i have 9x more it's lowering the roi?  i can't imagine that the last 5 loans i bought would drag it down that much.

side question:  how accurate are those return numbers?  i was using nsr to figure out my filter criteria

Peer Lending Server / API endpoint?
« on: July 31, 2015, 02:25:21 AM »
Is there a API available on the software where I can pass in criteria and get the IRR back?

Investors - LC / PHP Function for calculating NAR
« on: July 30, 2015, 03:12:37 PM »
My programming skills are relatively basic.  I can do a lot but some more complicated things stump me.  Anyone here have a function with PHP that can calculate ROIs if I pass in an array of notes and all the necessary info?

I'm happy to pay for this, I just need to get something that works better than my hack job.

Investors - LC / Funds or DIY
« on: July 30, 2015, 01:42:11 PM »
Hey guys,

I'm trying to figure out if P2P funds are really worth it.  Most charge a 1% annual of assets and 20% of profit and some a 2%/20%.

Do they really provide anything useful or just similar filters to the more popular ones out there already?

Investors - LC / Employment title
« on: July 29, 2015, 03:44:13 AM »
I read somewhere that LC might do away with the employment title.  Anyone know if this is true?

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