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Author Topic: Unverified Borrower Profile Data

r
  • Posts: 32
Unverified Borrower Profile Data
OP: November 29, 2013, 12:00:00 AM
What is this "testing of the system" you mention?  Why would an institution want to pay an origination fee just to see if LC really does issue loans?  And you guys call me paranoid.

Why wouldn't LC simply waive the origination fee for the institutional clients who want to test the process?  We know they discount their fees to them.
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c
  • Posts: 227
Unverified Borrower Profile Data
#2: November 29, 2013, 12:00:00 AM
I don't even see why they need to be testing the process.  If an institution doesn't like how a page in the process looks, well don't invest with LC.  Let LC do their job, which (among other things) is designing the site and borrower process.  Institutions can stick with what they do best, which is sitting around throwing money here and there and scheduling needless in-person visits.  Lord knows LC has enough investors so if they lost a few institutions who want to play webmaster too that wouldn't be a bad thing.

from: rlv99 on November 29, 2013, 06:28:43 PM
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