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Topics - Zach

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Investors - LC / LC Advisors
« on: January 01, 2013, 06:36:46 PM »
I just saw some posts about LC Advisors, and it has sparked my curiosity more and more...

Does LC Advisors have any specific investment strategies or is it assumed they invest about $3-4k in every loan on the platform for their broad credit fund?

Any other comments or insight on LC Advisors in general?

Investors - LC / Graph of Status by Payment Cycle
« on: December 29, 2012, 11:38:31 AM »
Some may find this graph helpful. It shows the status of each borrower loan payment on each cycle.

Any payments with a current status are removed, and any payments beyond month 40 are removed (not worth measuring).


Investors - LC / Collections & Transparency
« on: December 26, 2012, 09:11:03 PM »
One aspect of both Prosper and Lending Club that has always angered me in terms of transparency is the collections/recovery of defaulted loans. As I'm sure many of you will agree, you would like to see everything going on with your non-performing loans.

In past, I was particularly impressed by the no-longer SVP of Legal and Collections, Jack Cohen. While I always understood that there are limitations on information that can be disclosed to investors on late loans, he was always eager and willing to take my calls (anytime) to address questions on specific loans and provide general information on his team, and collections processes. After a recent attempt to collect further information from the new collections manager, she continually insisted on transferring me to investor services without answers to any questions. I feel strongly that there should be more information available to investors on detailed collections processes, and recovery statistics (beyond the one chart that is not up-to-date).

Another flash from the past were the regular investor webinars to keep us up-to-date on different topics going on inside Lending Club and some how-to invest guides. Due to changes in personnel, combined with a plentiful supply of investor dollars, there is no need to divulge resources in this area. I would love to see these webinars return on different topics.

Finally, I am curious as to whether or not anyone has seen any cases of legal action against a borrower. I have never seen such an occurance with my notes. At the same time, I'm not sure if litigation is always noted in the collection logs or if a recovery payment would simply show up. The recovery payments also should be more apparent to investors and have an impact on the loan itself itself (otherwise recovery payments cannot be accounted for in response to defaults, as currently they don't impact principal balances in note detail).

I would like to hear others thoughts on these collections/transparency issues!

Investors - LC / Interesting Presentation from Lending Club
« on: December 24, 2012, 09:28:06 AM »
I thought some may find this presentation interesting....

It gives a look behind the scenes of Lending Club's business model (not usually seen), and goes into the traditional investor and borrower relationship.

Some key points that I found interesting:

-On slide 25, they indicate they have "no meaningful direct competition" (they don't see Prosper as real competition - not that surprising)
-The regulatory overview on slide 20 (news to me on how LC advisors functions)
-Page 15 which shows the percentage of money coming from different sources (i.e. institutional, retail, high net worth). Surprisingly, retail investors still make up about 50% of that graph.

Has anyone seen this before?

What are your thoughts?

Interest Radar / Interest Radar vs. P2P Analytics
« on: November 13, 2012, 06:16:54 PM »
After further reviewing the interest radar site, I find that it's well-made and provides some unique functionality.

What I find hard to figure is the fact that (if I'm not mistaken), both P2P Analytics and Interest Radar use some form of an algorithm to determine the best-performing loans. What I find is that most of the loan recommendations are not the same on both sites. Initially, I was expecting most loans to be present on both sites for top-performance, but that doesn't appear to be the case.

I wondered if anyone can share their two-cents here? Anyone use both services?

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