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Author Topic: Percent of Loan in Not Yet Issued Status

P
  • Posts: 13
Percent of Loan in Not Yet Issued Status
OP: April 18, 2015, 11:00:00 PM
I have notice on average I have 5% of notes in not yet issued status. For example right now I have some notes submitted beginning of April but still in review status. Do you guys observe the same thing? This would be very bad for return since it means I have 5% cash idled.
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l
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  • Posts: 324
Percent of Loan in Not Yet Issued Status
#1: April 19, 2015, 11:00:00 PM
My Note Yet Issued are at 4.7% but have been on a buying spree for a couple months.

My Paid Off are 7.5%. Better than notes going late/default/charge off but higher than I'd like.
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  • Posts: 602
Percent of Loan in Not Yet Issued Status
#2: April 19, 2015, 11:00:00 PM
When you're ramping up, it is painful.  In steady state you may get down below 2% of $ pending.  It varies depending on your style, term of loans you invest in, what fraction fail to issue (causing $  to be uninvested longer), what fraction prepay (causing you to recycle money faster), etc.

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T
  • Posts: 6588
Percent of Loan in Not Yet Issued Status
#3: April 19, 2015, 11:00:00 PM
Thanks guys for the comment. I suppose through historical data we can find out time to issue by list_d and issue_d field. What about those failed to issue ones? Are they in the historical file as well?
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k
  • Posts: 29
Percent of Loan in Not Yet Issued Status
#4: April 19, 2015, 11:00:00 PM
No, loans that do not issue are not in the historical files.  Also, list_d is, in programming terms, is "deprecated".  See http://kb.lendingclub.com/siteupdates/articles/Site_Updates/Recent-and-upcoming-changes-to-the-downloadable-data-files-and-API-services/?l=en_US&fs=Search&pn=1.  Use OrderDate instead.

I keep tabs on how long notes take to issue (automated, of course).  Over the past 1 year, the average by month varies between 6 and 8 days.  Approximately 75% of the loans that I have submitted over the past year have been issued.  Currently, my "Not Yet Issued" stands at ~3.5% (total issued notes of 1410). 
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