Author Topic: Using BlueVestment with P2P-Picks for Lending Club  (Read 11047 times)

ZrowGz

  • Newbie
  • *
  • Posts: 3
    • View Profile
    • Email
Using BlueVestment with P2P-Picks for Lending Club
« on: March 10, 2015, 12:03:50 AM »
Hello,
I am just getting started out and am about to do my first round of investing in Lending Club. I have set up my BlueVestment account and registered with P2P-Picks, linking everything together. I am trying to figure out what the filters are exactly.
I think that I would like to try out the p2p-picks filter. When I set that up in BV, should I just select the percentile after I set maximum ROI? Or is it important to narrow it down further using the other filters available?

Can anyone also point me to some how to guides for making sure that I have utilized the BV options as well as the p2p-picks filters correctly?

Once the filters are in place, how do I see the available notes to invest in? Is that only through the LC dashboard? BV's dashboard?

Thank you for your help in advance!

J2E

  • Jr. Member
  • **
  • Posts: 79
    • View Profile
    • Email
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #1 on: March 11, 2015, 12:17:12 AM »
I'm somewhat in the same boat, I was doing the P2P-Picks when you could do them manually, now I've got everything set in BlueVestment but I haven't seen a purchase in 3 days.  I have 2 P2P-Picks filters created and active.  Here are my settings.  I know the 10% filter will also catch anything in the 5% filter group as well.  I'm not terribly concerned about that for the moment.  From what I can tell I have everything set up correctly, account is linked, filters in place and active, autoinvest is set to active.  Perhaps it really is that nothing is making the cut or something in my filtering is wrong.?




brycemason

  • Hero Member
  • *****
  • Posts: 801
    • View Profile
    • P2P-Picks.com
    • Email
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #2 on: March 11, 2015, 12:51:22 AM »
Here was the 6pm load today. There were 8 Top 10/5. BlueVestment is a little slower on the gun because it was my first integration project. I currently run the picks on my server and send them to BlueVestment. That transit time is too long nowadays. I need to get BlueVestment a copy of LendGuardian so they can run the picks locally and act as soon as they see the new loans.


1   43265401   2015-03-10 18:00:02   0.0584787   116.6   C   36   10   0
2   42315888   2015-03-10 18:00:02   0.0986978   128.3   E   36   5   0
3   40930509   2015-03-10 18:00:02   0.0256624   120   C   36   5   0
4   43185338   2015-03-10 18:00:02   0.0814319   124   E   36   5   0
5   43275896   2015-03-10 18:00:02   0.0772231   125.4   E   36   5   0
6   43195423   2015-03-10 18:00:02   0.0472488   129   E   36   5   0
7   43287326   2015-03-10 18:00:02   0.0751391   116.5   C   36   25   0
8   43255693   2015-03-10 18:00:02   0.0976061   118.5   D   36   25   0
9   43165466   2015-03-10 18:00:02   0.0740807   115.5   C   36   25   0
10   43185399   2015-03-10 18:00:02   0.0695868   115.8   C   36   25   0
11   43095467   2015-03-10 18:00:02   0.0755079   117.5   C   36   25   0
12   43004635   2015-03-10 18:00:02   0.115438   120.7   D   36   25   0
13   43235444   2015-03-10 18:00:02   0.097698   120   D   36   25   0
14   43287251   2015-03-10 18:00:02   0.113875   117.2   D   36   25   0
15   43215586   2015-03-10 18:00:02   0.0854311   119.4   D   36   10   0
16   43286194   2015-03-10 18:00:02   0.0826364

ZrowGz

  • Newbie
  • *
  • Posts: 3
    • View Profile
    • Email
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #3 on: March 11, 2015, 12:57:34 AM »
Hmm. I'm not sure. From what I could tell, the P2P-Picks only uses 1%, 5%, and 25%, and any other value is irrelevant. So, I think that both of your filters would be doing the same thing, perhaps it is the redundancy that is causing issues?

I set it up to do the p2p-picks first, then to move on to a custom filter I created by looking through statistics.

Looking at the availability of the loans, it seems that they are getting funded faster than they can be created, which makes me think that riskier loans will be brought to the playing field as the demand increases.

I'm wondering what people think about this. Is it more reliable, and/or a faster execution, to use the automated investing option through Lending Club, instead of using the third party options? I saw somewhere that BlueVestment was getting delayed data for when loans posted. It would seem that the automated investing tool, along with some personal saved filters in the Lending Club website. What do other people think?

ZrowGz

  • Newbie
  • *
  • Posts: 3
    • View Profile
    • Email
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #4 on: March 11, 2015, 01:13:06 AM »
Hello brycemason! Thank you for jumping in here! Your posts often provide great insights, so I appreciate it! So, is the time delay issue prominent? Do the loans get fully funded before BlueVestment users get a crack at them? Until this trouble gets resolved, is it worthwhile to invest using the automated investing on LC?

Also, can you explain what the various columns are in the data you posted?

Thanks!

rawraw

  • Hero Member
  • *****
  • Posts: 2793
    • View Profile
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #5 on: March 11, 2015, 07:45:15 AM »
Hmm. I'm not sure. From what I could tell, the P2P-Picks only uses 1%, 5%, and 25%, and any other value is irrelevant. So, I think that both of your filters would be doing the same thing, perhaps it is the redundancy that is causing issues?
P2P Picks uses 5, 10, and 25 (if I recall correctly).  They suspended 1% a while ago.

lascott

  • Hero Member
  • *****
  • Posts: 1435
    • View Profile
    • Appreciate my post and want to try LendingRobot? URL below
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #6 on: March 11, 2015, 09:11:42 AM »
...I currently run the picks on my server and send them to BlueVestment. That transit time is too long nowadays. I need to get BlueVestment a copy of LendGuardian so they can run the picks locally and act as soon as they see the new loans...
That would be awesome!!  I'm mainly getting B's it seems via BlueVestment and P2P-Picks now-a-days.
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

lascott

  • Hero Member
  • *****
  • Posts: 1435
    • View Profile
    • Appreciate my post and want to try LendingRobot? URL below
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #7 on: March 11, 2015, 09:15:17 AM »
Also, can you explain what the various columns are in the data you posted?
I suspect all but the grade (A,B,C,D,E), months (36), and top X percent (5,10,25) are details that his institutional / bank customers get (and pay for!!).  I'm thrilled to get those 3 pieces of info because that is all BlueVestment needs to purchase loans for me!
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

brycemason

  • Hero Member
  • *****
  • Posts: 801
    • View Profile
    • P2P-Picks.com
    • Email
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #8 on: March 11, 2015, 12:28:40 PM »
Also, can you explain what the various columns are in the data you posted?

Sure.

Column 1: Just a counter.
Column 2: LendingClub's loan number.
Column 3: The time stamp of the loan scoring process
Column 4: My independently scored probability of default
Column 5: The expected return (not annualized)
Column 6: LendingClub credit grade
Column 7: The term
Column 8: Our bucket (Top 5/10/25)
Column 9: Percent filled at the time of scoring

rawraw

  • Hero Member
  • *****
  • Posts: 2793
    • View Profile
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #9 on: March 11, 2015, 06:30:51 PM »
Yea my Bluevestment hasn't gotten anything lately.  I may need to look at another P2P picks provider -- have you talked to LendingRobot at all Bryce?

brycemason

  • Hero Member
  • *****
  • Posts: 801
    • View Profile
    • P2P-Picks.com
    • Email
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #10 on: March 11, 2015, 07:55:47 PM »
I spoke with Emmanuel a really long time ago when he was first posting on news articles and their concept was in the nascent stage. It didn't go anywhere. I'd be happy to have them as a distributor, but I don't think it fits their business model. They have their own algorithms and ratings.

rawraw

  • Hero Member
  • *****
  • Posts: 2793
    • View Profile
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #11 on: March 11, 2015, 11:33:58 PM »
I spoke with Emmanuel a really long time ago when he was first posting on news articles and their concept was in the nascent stage. It didn't go anywhere. I'd be happy to have them as a distributor, but I don't think it fits their business model. They have their own algorithms and ratings.
Does your website have a current list of providers?  NSR and PeerTrader are the only other alternatives?

brycemason

  • Hero Member
  • *****
  • Posts: 801
    • View Profile
    • P2P-Picks.com
    • Email
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #12 on: March 11, 2015, 11:36:03 PM »
Yes, the website is current. There is a change/addition on the horizon, however.

rawraw

  • Hero Member
  • *****
  • Posts: 2793
    • View Profile
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #13 on: March 12, 2015, 07:24:11 AM »
Yes, the website is current. There is a change/addition on the horizon, however.
Do they both run the scoring locally via that program?

brycemason

  • Hero Member
  • *****
  • Posts: 801
    • View Profile
    • P2P-Picks.com
    • Email
Re: Using BlueVestment with P2P-Picks for Lending Club
« Reply #14 on: March 12, 2015, 09:14:58 PM »
Everyone but BlueVestment runs the scoring (LendGuardian) locally.