According to prospectus, in past 12 months only 60% of borrowers either had employment or income verified. Based on the info that only 60% of requested borrowers satisfactorily respond to verification, you can assume only 36% of borrowers listed are honest and 64% fudge the employment or income information.
https://www.lendingclub.com/fileDownload.action?file=Clean_As_Filed_20121128.pdf&type=docs"Approximately 60% of the applicants during the 12-months ended September 30, 2012 had their employment or income verified by us by requiring the borrower to submit paystubs, IRS Forms W-2 or other tax records between the initial posting of a loan request and the issuance of a Member Loan."
"For the year ended June 30, 2012 of the borrower members undergoing income or employment verification:
• approximately 60% of requested borrowers provided us with satisfactory responses;
• approximately 8.4% of these borrowers withdrew their applications for loans; and
• approximately 31.6% of these borrowers either failed to respond to our request in full or provided information that failed to verify their stated information."