Mikedev10 -
I guess I didn't realize how drastic the falloff has been. You're right though, the retail market does continue to shrink - I put together some quick charts from the SEC data https://sites.google.com/site/swimwolfe/home/news-noteworthy/crowdfunding-active-research/falloffinretailnoteavailability. I would think this puts more emphasis on the secondary market investment opportunities right?
What we've been thinking about lately is how quickly the whole loan market loans get snapped up. Occasionally those loans go unfunded and we were thinking a little about how that speed of funding in the institutional market might be an indicator of adverse selection issues for 1) slow institutions 2) retail investors on those rollover loans. I know most of those rollover loans went away after the management change in 2016 but they still happen from time to time.
i'm curious why your chart to current day does not appear even lower - what does it look like for the last 3 weeks? this chart (and maybe just because of the size and render etc) makes it look to me like there's still hundreds a day vs. the tens a day.
it would be nice to have access to the above mentioned "allocation 1" although i'm not sure my algorithm could compete with lending club's own internal simple based rules process. my end to end process takes about 60 seconds, i could make it faster, although never as fast as an internal process with simple rules. having hundreds of retail loans plop out a day would be nice though.
i asked about access to loans earlier or through a different way - it took some pestering as no one was getting back to me, but it sounded like you had to do whole loans then and the starting point for access to that was 50k. i think i have quite a good loan picking methodology but i'm not on board with buying whole loans with my 50k, i'd be up for OPM and a few million to play with though :p

I would think this puts more emphasis on the secondary market investment opportunities right?
No, because the secondary market is so tiny that the "opportunities" there are incredibly small relative to the primary market.
My experience is that I am able to invest 1000x more $ per day on the primary market than on the secondary market.
Individuals results will vary, depending on their investing criteria, pricing policy, etc.
So while the primary market volume has decreased, secondary market volume never existed.
i have been tweaking my model and fear the impact of the earlier hungry day where i had money in my account and it bought something like 200 notes in 24 hours... cuz they probably weren't top shelf picks... in any case my current buy rate is 2-10 a day.