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Messages - Kombinator

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181
On average my filters pick up 5-10 notes per day, yesterday and today were completely blank, anyone else notice a drop in their note purchases last couple of days?

182
Foliofn - LC / Folio automation questions
« on: November 14, 2013, 03:59:43 PM »
Is there an API out there where the order submission on Folio can be automated similar to the way the main platform has INVEST API?

Also, is there a way to download the set of notes available for sale on Folio?

If anyone has experience or thoughts on this or possibly other aspects of Folio automation would love to hear about it.

183
Foliofn - LC / Folio automation questions
« on: November 14, 2013, 03:56:48 PM »
Looked at the new Folio interface with added fields, and downloaded the excel file now downloadabale.  Couple of questions for anyone who has automated the Folio experience:

1) Right now the filter fields do not show up in the Excel download, BUT the FICO field does but cannot be used to filter.  Can people confirm that has been their experience as well
2) Is there an API out there where the order submission on Folio can be automated similar to the way the main platform has INVEST API?

If anyone has experience or thoughts on this or possibly other aspects of Folio automation would love to hear about it.

184
Investors - LC / Re: Cancelled notes: any analysis on those
« on: November 02, 2013, 10:48:48 AM »
Great, Anil wonderful data, thank you, very helpful.

Would you be able to share just how and where you obtained the data that allowed you to run the above analysis, unlike prosper cancelled loans don't stay in the notes.csv file, so hard to be able to track them on account level.  Don't know if that is doable, but if not, how are you tracking them even on population level, is there a field that can be used?

185
Investors - LC / Re: Cancelled notes: any analysis on those
« on: November 01, 2013, 08:33:17 PM »
That actually seems to make sense, I guess as a side effect of higher rate loans, they are higher risk and lower reliability, which is causing a larger percentage of them to not bother to provide or verify documentation in the end and thus lead to high cancellation rates on the order of 32%.

186
Investors - P / Re: Cancelled notes: any analysis on those
« on: October 24, 2013, 12:09:09 AM »
I have no problem with the loans being cancelled by Prosper when they cant get the documentation they need, that is indeed an excellent part of the underwriting process.  I am just trying to determine if there is a way to predict that the loan will be cancelled using some variables so I can reduce the cash drag.  Perhaps a combination of factors such as channel/"other" employment/no prior loans + some others may provide a compelling threshold.

187
Investors - P / Re: Cancelled notes: any analysis on those
« on: October 23, 2013, 05:11:43 PM »
Yep, I asked them, but they did seem to not want to disclose it too much.  I guess I will start keeping track of these for my portfolio to see how much of 50000 and 90000 I actually get and than may determine if I stick it in my filter matrix.

Thanks again.

188
Investors - P / Re: Cancelled notes: any analysis on those
« on: October 22, 2013, 11:31:12 PM »
Interesting, the fact that employment description "Other" have higher cancellation rate makes good sense.

Can you please say a bit more about the channelcode 50000 and 90000, I see the field as Listing/ChannelCode, is there more detailed info on what do these codes stand for, the API documentation says that these are channels from where the applicants came...

Great info btw, thank you for sharing.

189
Investors - P / Re: Cancelled notes: any analysis on those
« on: October 22, 2013, 07:42:27 PM »
Well the thing is the notes that are Cancelled get fully funded, so that is not the problem.  Seems something happens during the approval process, either the borrower does not supply required documentation, some initial information does not check out, the cancellation is part of Prosper's process, not the funding...it may just be that this is something that should be addressed during the initial screening process by the platform itself, so as not to cause such a large degree of cash drag for the investors.  The percent seems steady, so perhaps they can tighten their initial criteria and thereby eliminate this odd dynamic.

190
Investors - P / Cancelled notes: any analysis on those
« on: October 22, 2013, 05:53:48 PM »
Wanted to see if anyone has done any analysis on some parameters that cause notes that pass all the screens and get funded to be ultimately not originated by the platform. 

Seems this ratio is very steady at about 32% of total notes / dollars committed month after month, and so far I have not ben able to explain it.  It is clearly creating a cash drag, so I wonder if anyone has managed to keep a better ratio of invested to originated on a stable basis, and if so is there a criteria that affects this in a meaningful fashion?

191
Investors - LC / Cancelled notes: any analysis on those
« on: October 22, 2013, 05:53:25 PM »
Wanted to see if anyone has done any analysis on some parameters that cause notes that pass all the screens and get funded to be ultimately not originated by the platform. 

Seems this ratio is very steady at about 32% of total notes / dollars committed month after month, and so far I have not ben able to explain it.  It is clearly creating a cash drag, so I wonder if anyone has managed to keep a better ratio of invested to originated on a stable basis, and if so is there a criteria that affects this in a meaningful fashion?

192
Very interesting, can you say a bit more about this method please...?

193
I am looking to have the file programmatically downloaded into Excel, does anyone have any experience doing it, and if so can you please share whether it can be done, as well as possibly ideas / specific code that enables this download.

Many thanks in advance.

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