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Topics - viking

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Investors - LC / Spelling Errors; Do You Care?
« on: January 12, 2013, 01:45:24 PM »
Do spelling errors influence your decision to invest in a loan?

After I have added my loans, I review them on the "View Order" page. If I don't like the loan, I delete it (clicking on the trash icon). However, after deleting the loan, I often loose track of  which loan I had already previously reviewed and approved (didn't delete). I usually have to re-review several loans to get back on track.

I don't hold my breath that LC will improve this anytime soon. Thus, it would be great if someone had a Firefox and/or Internet Explorer Script or any other way of highlighting the loan prior to (or after) the deleted loan.

Investors - LC / Borrowers with >$20,000/month Income
« on: January 06, 2013, 06:47:19 PM »
Some borrowers claim more than $20,000/month in income. See for example LoanID 3065326:
who claims $37,500/month income.
It is probably an error (maybe should be $37,500/year) but it throws off the DTI ratio.

Do you invest in these type of loans?

Investors - LC / Public Record vs. Major Derogatory
« on: December 26, 2012, 02:10:11 PM »
Some Notes have a one or more Public Records on file. However, many of these show "Months since last Major Derogatory" =N/A. Thus, is it safe to assume that those individuals have not filed a bankruptcy (I thought that a Major Derogatory included a bankruptcy)?

Investors - LC / ROI as a function of Days in Funding
« on: November 28, 2012, 09:22:09 PM »
I recently read a blog or forum post somewhere showing a Graph of the ROI as a function of "Days in Funding" (it decreased with larger time) for LC. It may have been somewhere on this site?
Can someone point me to where this was discussed...?

Suggestions / Increase the number of recent posts in RSS Feed
« on: November 28, 2012, 04:12:25 PM »
I subscribe to the Forum using RSS:;action=.xml

However the list only contains the 5 most recent posts (default value in simplemachines), so I am often missing post as the older posts are removed.

Can you please change the value of the most recent post to 20 or even 30?

(see for example here:

There appear to be some inconsistencies when comparing Notes in the Nickel Steamroller (NSR) database vs. Interest Radars (IR) database vs. Lendingclub's historical datafile (LoanStats.csv). For example, NSR finds a loan from 2008 that is not shown in IR's database and not readily found when filtering LoanStats.csv (e.g. using Excel).

 Try the following filter in NSR:

(it uses:
Credit Grade=G
Loan Length=36 months
Loan Purpose= Other
Total Credit Lines=57
Total Amount Funded=12,000

Then compare this to filtering the data on IR:

Credit Grade=G
Loan Length=36 months
Loan Purpose= Other
Total Credit Lines=41-60 (includes 57)
Total Amount Funded=7-14K (includes 12K)
Year=NA (all)

Note that no Notes are found on Interest Radar.

Next if we filter the notes in LC's LoanStats.csv (e.g. use Excel and column filters):
There appears to be no loan with "Total Amount Funded"=12,000; only a loan with "Total Amount Funded"=35,000 (Loan ID 1208692)

The reason for this discrepancy is that the 12K loan is separated out from the rest of the loans in LoanStats.csv under the heading "Loans that do not meet the current credit policy". Nickel Steamroller includes these loans in the ROI calculation as described here: In contrast, it appears that they are not included in Interest Radar's database (unless I am missing something obvious)?

This should be considered when comparing ROIs calculated at Nickel Steamroller, Interest Radar and filtering the LoanStats.csv.

In the downloaded LC LoanStats.cvs there are two headings for "Amount Funded":
"Amount Funded By Investors" and "Total Amount Funded", where "Total Amount Funded" is larger.
What is the difference between the two? If a notes is not 100% funded by investors, where does the balance come from?

Interest Radar / Calculation of ROI and IRR
« on: November 09, 2012, 07:07:09 PM »
Lending Club calculates the "Net Annualized Return", supposedly using the formula described on their website:

I have not been able to match their calculated Return for my uploaded Notes with the calculated ROI (Return on Investment) or IRR (Internal Rate of Return) at Interest Radar or Nickel Stem Roller.
Furthermore, the ROI analysis/statistics calculations using LC historical data also seem to be be different at different websites.

How do you calculate the ROI (in Analysis Section) and IRR (Analysis Section; Cashflow and for my uploaded Notes). How do these calculations compare to that of the LC "Net Annualized Return"? Please show calculations with Formulas (like LC) if possible.

Interest Radar / Calculation of IRO1 & IRO4 Scores
« on: November 09, 2012, 06:49:07 PM »
Can you explain (with a formula if possible) how IRO1 & IRO4 Scores are calculated based on their 16 & 13 and attributes respectively (or maybe this is proprietary information?)?

p.s. If these Scores are included in a Strategy which also includes the same attributes, wouldn't the model be "over-determined" (at least during iteration when searching for optimal parameters for the attributes)?

Interest Radar / Clearing individually added Notes (My Investment)
« on: November 09, 2012, 06:31:37 PM »
Interest Radar finds and lists suitable notes.

Clicking on "Invest" (in the "My Investment" column) adds the loan to my LC order and changes the status from "Invest" to "Added". However, the note may already have been fully funded (no longer available) or I may change my mind and not invest in that note. Thus, I may want to reset the status back to "Invest". This scan be done for all listed notes by the "Clear" link. However, that resets all notes.

Furthermore, the "Discard Link", which permanently removes the loan from the list, disappears after adding the note.

1. I would like to  have an option to "Clear" a Note on an individual basis (e.g. in case I change my mind for an individual note).
2. I would also prefer that the "Discard" link remains after adding a note (e.g. so that I can completely remove the note if it was already fully funded)

Note. The "Added" status will be automatically reset to "Invest" when uploading the notes.cvs from LC if there was no investment in the note.

Suggestions / Forum for Analysis and Strategies
« on: November 08, 2012, 08:11:08 PM »
Several sites let you analyze historical returns based on statistics (e.g. from Lending Club or Prosper). Some sites also let you analyze your own portfolio (by uploading your notes.csv). Based on such analysis, investment strategies may be developed.

It would be great to have a separate Forum where we could discuss analysis results and strategies; including comparing analysis results from different sites.

Suggestions / Forums for Related Sites
« on: November 08, 2012, 05:22:38 PM »
Many related sites, such as Interest Radar, Nickel Steam Roller, Lendstats, P2P Analytics etc, do not have Discussion Forums. They may have Blogs which are not suitable for discussions.

It would be great to have a central location, such as Lend Academy, where those sites could be discussed (a separate Forum for each site of course). I am sure that the owners of those sites would participate here if they saw that their sites were actively discussed.

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