Author Topic: What percentage of LC loans are made available to retail investors at the start?  (Read 1618 times)

bkcarolina

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LC says they randomly allocate to retail and institutional investors, but they don't say how much. Anybody have a clue? I'm quite tired of seeing maybe only 50-75 loans available when there use to be thousands. Is LC basically telling retail investors to drop dead?

lascott

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    • Appreciate my post and want to try LendingRobot? URL below
End of quarter dial adjustments?

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Fred93

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I'm quite tired of seeing maybe only 50-75 loans available when there use to be thousands. Is LC basically telling retail investors to drop dead?

I believe that at the very least, the person doing the allocation these days lacks appreciation of the needs of the retail market.  (Specifically, the retail market needs them to maintain a retail market INVENTORY, so that retail clients who go to the web site at any time will find a suitable array of loans to choose from.)

Of course the other thing you mention is possible too.  Maybe someone in the organization is trying to kill it.

Tomp

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End of quarter dial adjustments?



Are the notes that aren't "new"-refis?

Rob L

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LC does have something of a small problem here. If they first offer a loan on the retail platform and even a single note is sold then the loan is retail forever; then LC has to fund any residual unfunded loan amount (or they just let it go partially and/or completely unfunded and receive no origination fees). Of course if the loan is "approved" then LC has to make up any shortfall, period. Much safer for LC to make loans available as whole, then offer the unsold / reject  loans to the retail platform. Caveat; I am biased and no longer buy LC loans offered on the retail platform. I think LC figures we should be very happy at 3% ROI no matter how much risk we incur. I think a lot of things ...

jennrod12

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End of quarter dial adjustments?



Are the notes that aren't "new"-refis?

The ones that aren’t “new” are loans that were offered earlier and haven’t been fully funded yet.

Fred93

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Are the notes that aren't "new"-refis?

No.  LC lists loans 4 times/day, at 6AM, 10AM, 2PM, 6PM.  "New" means came in the most recent batch.  Loans that are not "new" have been on the web site at least since the prior batch, ie at least 4 hours.

jd

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What is the number of new loans that would be considered good?  100 a day? 200? 1,000?
 
Do any of you have cash in your LC account that you won't invest because the amount of new loans isn't meeting your requirements (be it for volume or quality reasons)?



Rob L

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What is the number of new loans that would be considered good?  100 a day? 200? 1,000?
 
Do any of you have cash in your LC account that you won't invest because the amount of new loans isn't meeting your requirements (be it for volume or quality reasons)?

For my answer see:
https://forum.lendacademy.com/index.php/topic,4815.0.html

So, my answer is yeah. Or "was". It's a moving target as I'm continuing to move cash out of my LC account.
As was once famously said it's "business, not personal". If LC lender returns returned of the days of yore I know where to find the door back in.



« Last Edit: April 03, 2018, 05:42:38 PM by Rob L »

jd

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Quote
Quote from: jd on Today at 12:47:25 PM
What is the number of new loans that would be considered good?  100 a day? 200? 1,000?
 
Do any of you have cash in your LC account that you won't invest because the amount of new loans isn't meeting your requirements (be it for volume or quality reasons)?

For my answer see:
https://forum.lendacademy.com/index.php/topic,4815.0.html

I wasn't considering the question from that perspective.  That would change things.