Skip to main content

Author Topic: Time for loan to be 100% funded

S
  • Posts: 3
Time for loan to be 100% funded
OP: September 02, 2019, 11:00:00 PM
I teach a banking course.  We are examining the P2P lending process and I am doing some analysis on older loans (2012-2014). I am looking for an indication in the data file of how long it took a loan to be completely funded.  I am particularly interested in fractional loans.

Is there a variable that I am overlooking on LC's historical data that would tell me that Loan A was fully funded in 2 days while it took 4 days for Loan B to be fully funded?

Thank you
  • IP logged

  • *****
  • Hero Member
  • Posts: 602

T
  • Posts: 6588
Time for loan to be 100% funded
#2: September 03, 2019, 11:00:00 PM
Fred-  I appreciate your reply.  I feared as much since I really liked the LC data.

All - Alternatively, I am looking at Prosper data from the same time frame (2012-15).  I see time to become fully funded can be calculated on the Listings data.  However, I do not see anything comparable on the Loans file and I would really like to compare 1) the time a loan requires to become fully funded (a semi-proxy for investor desire for it) to 2) that loan's subsequent performance.

Maybe I am missing something obvious but is there a key (applicant number or loan number) that would allow me to link the time required from the Listings file to the same individual loans subsequent performance on the Loans file.

Thank you in advance for any suggestions
  • IP logged


T
  • Posts: 6588
Time for loan to be 100% funded
#4: September 05, 2019, 11:00:00 PM
Thank you Fred93.  That is very helpful.
  • IP logged

  • Posts: 300
Time for loan to be 100% funded
#5: September 06, 2019, 11:00:00 PM
My blog posts from 2014 about time to find might be of interest to you.

https://www.peercube.com/blog/post/mad-rush-at-lending-club-loan-release-time-part-i
Mad Rush at Lending Club Loan Release Time: Part I


from: Scott S on September 03, 2019, 08:52:55 AM
  • IP logged

T
  • Posts: 6588
Time for loan to be 100% funded
#6: September 17, 2019, 11:00:00 PM
Anil-

Excellent information - a belated thank you very much

Scott
  • IP logged