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Messages - Kombinator

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46
FolioFN - Prosper / Re: Folio FICO updates or lack thereof
« on: January 15, 2015, 10:04:40 AM »
It would be helpful if they revise their Folio interface to be at least as user friendly as the one LC has implemented is.  Right now it is hard enough to work with to make any meaningful secondary purchases impractical, hopefully that will be changing as well.

47
Investors - LC / Re: 55 month loan
« on: January 07, 2015, 10:30:26 AM »
Great, thanks so much

48
Investors - LC / Re: 55 month loan
« on: January 06, 2015, 10:48:35 AM »
Interesting, could you please share a link to that script?

49
Investors - LC / Re: LendingClub API OrderSubmitOrders action
« on: December 30, 2014, 12:35:28 PM »
I personally violate the gesture covenant rather frequently:)

50
Yep makes sense.  I have been able to pick up quite a few good notes, so not complaining too much about a delay in issuance:)

51
I am sure I am not the only one who has noticed this, any thoughts on why LC has been releasing 600ish notes per pull for the last couple of days?

Some kind of weird volume catch up in year end?

52
FolioFN - Prosper / Re: Folio FICO updates or lack thereof
« on: December 22, 2014, 10:36:23 AM »
Yes, please shout wildly, do let us know how it goes.  Prosper Folio data updates and interface is really horrible, and while it would be a really useful thing to have an updated FICO scores for all the loans (not unreasonable thing to ask), at this time seems that is not the case at all or something that is being actively addressed.

53
Investors - P / Re: Serious Data Quality issues on delinquent notes
« on: December 16, 2014, 09:48:19 AM »
I know LC is totally random about data quality as well as technology in general, although to give them credit they are improving.

Prosper has always been much much better, but this disturbing data quality issue is really not making me happy.  We found it as part of the update to the internal reporting, can adjust the delinquency statistics to be correct now, but what about those who rely on platform reporting, they are being seriously misled...

I can forgive them the fact that they refuse to put in a field into API that shows when loan was paid or charged off, had to create a separate framework to save that internally as well, but that is just a convenience thing...

54
Investors - P / Re: Serious Data Quality issues on delinquent notes
« on: December 15, 2014, 04:54:50 PM »
Good point, I am adjusting the delinquency tracker to rely on days past due as opposed to status, and as for the Folio issue...interesting take on it:)

55
Investors - P / Serious Data Quality issues on delinquent notes
« on: December 15, 2014, 10:42:00 AM »
Was doing some analysis on my portfolio recently and noticed that there were a number of loans that were marked as CURRENT even though they were 120+ days late, and went straight from CURRENT to CHARGEOFF.

This is disturbing for several reasons, most notably because it screws up the delinquency statistics and estimations, as well as cash flow and return projections for the portfolio.

Have other people seen this, and how long has this been going on?

56
The talk is pretty real:) Unless you have some strong automation, suggest you use a third party tool to invest or do it via a fund that does it.  The high risk end of the spectrum is pretty competitive in terms of speed and appetite.  If you do 1K per loan it will take you a couple of months to fully allocate at best.

57
Investors - LC / Re: World's Worst Note?
« on: December 12, 2014, 09:07:42 AM »
Well is not an insanely horrible note actually. Low income and fairly high DTI, as well as no posted job or employment length is not great of course.  But on the bright side no public records or delinquencies

58
Investors - LC / Re: LC Share Allocation
« on: December 11, 2014, 10:30:23 AM »
Short answer is yes, but what are you going to do:) Not gypped per se, just disappointed a bit they didn't decide to treat their long time investors better.

59
Investors - LC / Re: IPO Eve. IPO Changed to $15 a share!
« on: December 11, 2014, 10:27:15 AM »
Same here, wanted to buy a lot more...guess now on open market only:)

60
Investors - LC / Re: LC Share Allocation
« on: December 11, 2014, 10:20:39 AM »
Probably if you asked for 100 or less you get your entire fill, max you can get is 250, everyone in the middle is pro-rated accordingly.

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