Author Topic: Monthly FICO Pulls  (Read 8915 times)

jpildis

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Monthly FICO Pulls
« on: September 26, 2014, 12:48:07 PM »
The lat mass FICO pull for already issued notes was 8/21 and I've been pinging my LC Rep. on when the next pull is going to happen.  He says that they're going to a new, more automated score updating process next month.  As for this month's pull, seems like they may skip it.  I pushed back and he said "we never said that we would pull the credit for every loan every month."  *sigh*  I hope the adults takeover the day-to-day running of LC once they're public.

lascott

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Re: Monthly FICO Pulls
« Reply #1 on: September 26, 2014, 01:43:41 PM »
As for this month's pull, seems like they may skip it.
Would that be a weird dial they use to cut expenses?
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

Joleran

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Re: Monthly FICO Pulls
« Reply #2 on: September 27, 2014, 11:35:59 AM »
Are there any statistics regarding FICO drops correlating to defaults?  I'm sure there's a correlation, but there are plenty of notes that drop to ~600 credit scores and dig themselves out over time too.

brycemason

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Re: Monthly FICO Pulls
« Reply #3 on: September 27, 2014, 02:06:59 PM »
It's clear. However, LC could make our lives much easier by including the monthly FICO pull in the payment history file. Join by MOB.

rawraw

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Re: Monthly FICO Pulls
« Reply #4 on: September 27, 2014, 02:36:12 PM »
Are there any statistics regarding FICO drops correlating to defaults?  I'm sure there's a correlation, but there are plenty of notes that drop to ~600 credit scores and dig themselves out over time too.
FICO scores rank order risk.  If you agree they do this correctly, then it's going to correlate.  The strength then is the question.  Anil has published his analysis of this on his website.  Your question is a probability question -- so how many of the drops end up digging themselves out over time in a group of 100 FICO drop borrowers.  That's the more important question to ask


jpildis

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Re: Monthly FICO Pulls
« Reply #5 on: September 28, 2014, 09:43:04 AM »
Anil - can you post a link?

lascott

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Re: Monthly FICO Pulls
« Reply #6 on: September 28, 2014, 10:54:49 AM »
Anil - can you post a link?
Just put this in google search:
site:peercube.com fico

http://lmgtfy.com/?q=site%3Apeercube.com+fico
Tools I use: (main) BlueVestment: https://www.bluevestment.com/app/pricing + https://www.interestradar.com/ , (others) Lending Robot referral link: https://www.lendingrobot.com/ref/scott473/  & Peercube referral code: DFVA9Y

AnilG

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Re: Monthly FICO Pulls
« Reply #7 on: September 29, 2014, 02:39:41 AM »
---
Anil Gupta
PeerCube Thoughts blog https://www.peercube.com/blog
PeerCube https://www.peercube.com

joshmer

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Re: Monthly FICO Pulls
« Reply #8 on: October 01, 2014, 10:04:06 AM »
Anyone else notice that a couple of the FICO scores have began to trickle in?   Something funky is going on in there system because about 25 notes (not new issues) had a pull out of 600 for me, but the one note I flagged for sale after a large drop isn't showing the updated FICO score on the credit score graph.  I hope they get back to 1 pull date and quit trying to fix things that aren't broken.

jpildis

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Re: Monthly FICO Pulls
« Reply #9 on: October 13, 2014, 02:12:41 PM »
Most loans are still sitting with a last FICO pull of 8/21/14 and I have a few where the last pull was in July... very, very lame.  It would be great if Peter could reach out to LC and get some understanding of the root cause.  Hoping this isn't some SEC Quiet Period BS.

kbenson99

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Re: Monthly FICO Pulls
« Reply #10 on: October 14, 2014, 09:53:37 AM »
A large majority (1045 out of 1195) of notes that I own now have credit pull date of 10/9/14.  Hopefully, LC will update on a ongoing monthly basis again without the shenanigans (no update, no notice).

Kombinator

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Re: Monthly FICO Pulls
« Reply #11 on: October 14, 2014, 11:04:16 AM »
So what file contains the field with the most recent FICO pulls for loans?

turing

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Re: Monthly FICO Pulls
« Reply #12 on: October 14, 2014, 11:38:37 AM »
FICO Score Trends and Defaults for Lending Club Loans
https://www.peercube.com/blog/post/fico-score-trends-and-defaults-for-lending-club-loans


I've read this article several times and it really is great research.  Thank you for doing it and writing the article.

kbenson99

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Re: Monthly FICO Pulls
« Reply #13 on: October 14, 2014, 11:44:19 AM »
Last FICO pulls for loans are in the loan history files found on https://www.lendingclub.com/info/download-data.action.

For your owned notes, the last FICO pulls are from https://www.lendingclub.com/account/notesRawDataExtended.action.

TonySaunders

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Re: Monthly FICO Pulls
« Reply #14 on: October 14, 2014, 01:13:55 PM »
I'm seeing some FICO dates of 10/14 too.