Author Topic: Joined the Forum  (Read 3909 times)

dmcnic

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Joined the Forum
« on: November 01, 2016, 10:18:03 PM »
I've been investing in Lending Club for the past four months. I decided to join after the leadership crisis because the company had their ethics moment and would come out the other side with a stronger sense of providing a good product. I've seen it before and had good luck in the equity market once the initial fervor dies down.

I reached the point where I felt some confidence in the primary and secondary markets and wanted to automate my purchase strategy. I'm an okay Python programmer and was able to construct the code necessary to download and analyze loans on the secondary market. I found this forum with a Google search which provided some guidance regarding the API to make purchases. In spending some time on the forum, I have been impressed with the analysis and clarity of some people who are very regular posters.

I hope to add in my own experiences and help those new to the Lending Club platform on the forums here.

Rob L

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Re: Joined the Forum
« Reply #1 on: November 02, 2016, 10:22:53 AM »
Welcome!

SLCPaladin

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Re: Joined the Forum
« Reply #2 on: November 06, 2016, 11:31:01 PM »
Nice to have you aboard. I wish I had your programming skills!

fliphusker

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Re: Joined the Forum
« Reply #3 on: November 08, 2016, 02:27:04 PM »
As I strictly buy on FOLIO I am very curious on how your automate buying on FOLIO avoids things there.  Is your program able to weed out recent FICO drops and not just changes from initial FICO to current FICO?  An odd thing that I hate is that LC does not always see that an IGP is actually late.  And notes listed in FOLIO might actually have IGP issues but listed there as never late. 
Good luck to ya.  So many here have such great advice and have been very helpful over the short time I have been investing with LC.
I've been investing in Lending Club for the past four months. I decided to join after the leadership crisis because the company had their ethics moment and would come out the other side with a stronger sense of providing a good product. I've seen it before and had good luck in the equity market once the initial fervor dies down.

I reached the point where I felt some confidence in the primary and secondary markets and wanted to automate my purchase strategy. I'm an okay Python programmer and was able to construct the code necessary to download and analyze loans on the secondary market. I found this forum with a Google search which provided some guidance regarding the API to make purchases. In spending some time on the forum, I have been impressed with the analysis and clarity of some people who are very regular posters.

I hope to add in my own experiences and help those new to the Lending Club platform on the forums here.

dmcnic

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Re: Joined the Forum
« Reply #4 on: November 09, 2016, 03:59:33 PM »
Hey, fliphusker. The program I have created simply looks at a field titled CreditScoreTrend. I filter out anything with a value of "DOWN". I do not know if this is a downward trend since inception of the loan or since the most recent FICO score collection.

fliphusker

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Re: Joined the Forum
« Reply #5 on: November 09, 2016, 04:09:08 PM »
If it can weed out recent FICO down trends it would be immensely useful for notes that the FICO is actually up since it was issued.  Tedious business digging through FOLIO notes to check the FICO scores by hand. 
Hey, fliphusker. The program I have created simply looks at a field titled CreditScoreTrend. I filter out anything with a value of "DOWN". I do not know if this is a downward trend since inception of the loan or since the most recent FICO score collection.