Title: Lending robot
Post by: faeriering on November 16, 2013, 11:00:00 PM
Post by: faeriering on November 16, 2013, 11:00:00 PM
Hey guys,
I saw this while reading through the news this morning: www.lendingrobot.com
I like IR, but I was wondering if anyone had heard about/used this site. The encryption sounded good, but I'm not an encryption person so it might have all been fluff.
Peter have you covered this site on your blog? I'm really kind of surprised that someone is out there offering services (for a fee) for LC and they aren't on this forum . . . is there another place for news. Obviously I'm spending too much of my research time with Renton filtered content
.
Peter I do love your site!
Thanks!
megan
I saw this while reading through the news this morning: www.lendingrobot.com
I like IR, but I was wondering if anyone had heard about/used this site. The encryption sounded good, but I'm not an encryption person so it might have all been fluff.
Peter have you covered this site on your blog? I'm really kind of surprised that someone is out there offering services (for a fee) for LC and they aren't on this forum . . . is there another place for news. Obviously I'm spending too much of my research time with Renton filtered content
.Peter I do love your site!
Thanks!
megan
Title: Lending robot
Post by: giladg on November 17, 2013, 11:00:00 PM
Post by: giladg on November 17, 2013, 11:00:00 PM
Hi Megan,
My name is Gilad Golan, and I'm the founder and CEO of LendingRobot. LendingRobot (https://lendingrobot.com/) is pretty new; we've been working on it for a while, and last week it came out of beta, where we made multiple improvements based on feedback from real users. We're welcoming all LendAcademy readers to give it a try, and would love to hear your feedback and suggestions.
Regarding your question about security - we take security very seriously (note about my background: a few years ago I sold my data security startup to Microsoft). Your LendingClub credentials are strongly encrypted, and protected by multiple protection tiers.
Regards,
Gilad.
My name is Gilad Golan, and I'm the founder and CEO of LendingRobot. LendingRobot (https://lendingrobot.com/) is pretty new; we've been working on it for a while, and last week it came out of beta, where we made multiple improvements based on feedback from real users. We're welcoming all LendAcademy readers to give it a try, and would love to hear your feedback and suggestions.
Regarding your question about security - we take security very seriously (note about my background: a few years ago I sold my data security startup to Microsoft). Your LendingClub credentials are strongly encrypted, and protected by multiple protection tiers.
Regards,
Gilad.
Title: Lending robot
Post by: Paisan on November 17, 2013, 11:00:00 PM
Post by: Paisan on November 17, 2013, 11:00:00 PM
Pretty Slick interface for the "Lending Club Explorer" tab.
Do I need to give my LC login to sign up & check out your filters?
Can I get an invitation link?
Ciao
Do I need to give my LC login to sign up & check out your filters?
Can I get an invitation link?
Ciao
Title: Lending robot
Post by: TonySaunders on November 17, 2013, 11:00:00 PM
Post by: TonySaunders on November 17, 2013, 11:00:00 PM
I'm in line to sign up.
I want an invitation link as well.
I want an invitation link as well.
Title: Lending robot
Post by: TravelingPennies on November 17, 2013, 11:00:00 PM
Post by: TravelingPennies on November 17, 2013, 11:00:00 PM
To start investing with LendingRobot, please leave your email at https://lendingrobot.com/accounts/signup/, and expect to receive an invitation link in a few days.
We are ramping up gradually while carefully monitoring our scale and performance and ensuring we continue to meet our benchmarks; our goal is to submit investment orders for all our users no later than 30 seconds after LendingClub releases new loans.
Gilad.
We are ramping up gradually while carefully monitoring our scale and performance and ensuring we continue to meet our benchmarks; our goal is to submit investment orders for all our users no later than 30 seconds after LendingClub releases new loans.
Gilad.
Title: Lending robot
Post by: TravelingPennies on November 17, 2013, 11:00:00 PM
Post by: TravelingPennies on November 17, 2013, 11:00:00 PM
Gilad,
Thanks for all the quick info. I think I traded some emails with your partner. I like the interface, and the idea. I don't really feel like the filters offer the flexibility I need especially for getting to loans that I would be willing to blindly invest in. Glad to hear about the data security. If I could blend your work with the filtering options I have on IR (or lendstats or even excel) I'd be really interested in paying to get in on notes in 30 sec.
Good luck
Thanks for all the quick info. I think I traded some emails with your partner. I like the interface, and the idea. I don't really feel like the filters offer the flexibility I need especially for getting to loans that I would be willing to blindly invest in. Glad to hear about the data security. If I could blend your work with the filtering options I have on IR (or lendstats or even excel) I'd be really interested in paying to get in on notes in 30 sec.
Good luck
Title: Lending robot
Post by: Lovinglifestyle on November 17, 2013, 11:00:00 PM
Post by: Lovinglifestyle on November 17, 2013, 11:00:00 PM
My question is how many seconds does it take to get the notes in the shopping cart, before submission?
Aside from that, what megan said about the filtering options except that the ones I have on PeerCube are the most blindly reliable for me. IR is secondary to PC for my purposes, but IR's individual loan detail page cache has fewer that don't show after the copy and paste exercise.
Aside from that, what megan said about the filtering options except that the ones I have on PeerCube are the most blindly reliable for me. IR is secondary to PC for my purposes, but IR's individual loan detail page cache has fewer that don't show after the copy and paste exercise.
Title: Lending robot
Post by: TravelingPennies on November 17, 2013, 11:00:00 PM
Post by: TravelingPennies on November 17, 2013, 11:00:00 PM
In choosing which filtering options to offer we tried to strike a balance between flexibility on one hand and simplicity/ease-of-use on the other hand. We fully expect to add more filtering criteria over time, but we'd rather do that based on investor feedback and demand rather than simply adding all the filters currently offered by LendingClub, which may result with cluttered and confusing user interface.
So if there are any specific filtering options people are missing, we'd love to hear about those.
BTW, note that we offer the 'popular loans' filtering option, which for some people saves the need to do their own research and filtering; in a way, it is like "crowdsourcing the hedge funds". The way it works: a few seconds (typically 5 seconds) after new loans are released we take a snapshot of the loans, and rank them by popularity (who got the highest funding).
You can then include that as a parameter in your rules - for example, you can build a rule "invest in loans grade C,D,E,F, with loan purpose 'credit card refinancing', and that are in the top 10% of popular loans".
Gilad.
So if there are any specific filtering options people are missing, we'd love to hear about those.
BTW, note that we offer the 'popular loans' filtering option, which for some people saves the need to do their own research and filtering; in a way, it is like "crowdsourcing the hedge funds". The way it works: a few seconds (typically 5 seconds) after new loans are released we take a snapshot of the loans, and rank them by popularity (who got the highest funding).
You can then include that as a parameter in your rules - for example, you can build a rule "invest in loans grade C,D,E,F, with loan purpose 'credit card refinancing', and that are in the top 10% of popular loans".
Gilad.
Title: Lending robot
Post by: TravelingPennies on November 17, 2013, 11:00:00 PM
Post by: TravelingPennies on November 17, 2013, 11:00:00 PM
Title: Lending robot
Post by: Joleran on November 17, 2013, 11:00:00 PM
Post by: Joleran on November 17, 2013, 11:00:00 PM
Title: Lending robot
Post by: core on November 17, 2013, 11:00:00 PM
Post by: core on November 17, 2013, 11:00:00 PM
Title: Lending robot
Post by: TravelingPennies on November 18, 2013, 11:00:00 PM
Post by: TravelingPennies on November 18, 2013, 11:00:00 PM
Title: Lending robot
Post by: TravelingPennies on November 18, 2013, 11:00:00 PM
Post by: TravelingPennies on November 18, 2013, 11:00:00 PM
Title: Lending robot
Post by: Emmanuel on November 18, 2013, 11:00:00 PM
Post by: Emmanuel on November 18, 2013, 11:00:00 PM
Just to clarify, LendingRobot investment is usually much faster than 30 seconds.
For 'fast rules' (the ones not requiring first to gauge loans popularity), submission is most likely under 10 seconds.
For 'fast rules' (the ones not requiring first to gauge loans popularity), submission is most likely under 10 seconds.
Title: Lending robot
Post by: ggnoob1337 on November 18, 2013, 11:00:00 PM
Post by: ggnoob1337 on November 18, 2013, 11:00:00 PM
Question on pricing...
"Only 0.49% of orders submitted. No setup fees, no monthly minimum."
So I get charged for the cost of the orders submitted, not just the notes that get issued? That could mean that if I deposit $450 a month into my Roth IRA that I end up getting charged based on an investment of $800 because of all of the loans that are cancelled or denied before they are issued and I get the money back to re-invest.
Other than that, I'm interested to check this out.
"Only 0.49% of orders submitted. No setup fees, no monthly minimum."
So I get charged for the cost of the orders submitted, not just the notes that get issued? That could mean that if I deposit $450 a month into my Roth IRA that I end up getting charged based on an investment of $800 because of all of the loans that are cancelled or denied before they are issued and I get the money back to re-invest.
Other than that, I'm interested to check this out.
Title: Lending robot
Post by: PeerSocialLending on December 08, 2013, 11:00:00 PM
Post by: PeerSocialLending on December 08, 2013, 11:00:00 PM
We just posted our Q & A with Emmanuel from LendingRobot. Feel free to post in the comments section as Emmanuel will be checking it to answer any questions. http://peersociallending.com/interviews/lendingrobot-third-party-automated-investing-tool/
Title: Lending robot
Post by: New Jersey Guy on December 09, 2013, 11:00:00 PM
Post by: New Jersey Guy on December 09, 2013, 11:00:00 PM
This is all warm and fuzzy, but Fred's question from the 5th has still gone answered.
"Do you plan to provide an interface to the secondary market (FOLIOfn)?"
"Do you plan to provide an interface to the secondary market (FOLIOfn)?"
Title: Lending robot
Post by: rlv99 on December 09, 2013, 11:00:00 PM
Post by: rlv99 on December 09, 2013, 11:00:00 PM
I've signed up. Now I need an invitation link
Title: Lending robot
Post by: giladg on December 09, 2013, 11:00:00 PM
Post by: giladg on December 09, 2013, 11:00:00 PM
Title: Lending robot
Post by: TravelingPennies on December 09, 2013, 11:00:00 PM
Post by: TravelingPennies on December 09, 2013, 11:00:00 PM
Title: Lending robot
Post by: Fred on December 09, 2013, 11:00:00 PM
Post by: Fred on December 09, 2013, 11:00:00 PM
Thanks giladg for taking the time to answer my questions.
Title: Lending robot
Post by: BruiserB on December 31, 2013, 11:00:00 PM
Post by: BruiserB on December 31, 2013, 11:00:00 PM
Title: Lending robot
Post by: Emmanuel on December 31, 2013, 11:00:00 PM
Post by: Emmanuel on December 31, 2013, 11:00:00 PM
Title: Lending robot
Post by: TravelingPennies on January 04, 2014, 11:00:00 PM
Post by: TravelingPennies on January 04, 2014, 11:00:00 PM
Title: Lending robot
Post by: skr5e on January 12, 2014, 11:00:00 PM
Post by: skr5e on January 12, 2014, 11:00:00 PM
LR has made some interesting new updates lately, including API integration and calculating expected # of loans on the fly. Looks like they're making an effort to stay on top of things but I wonder if it will be enough to compete with other auto-investing sites.
Title: Lending robot
Post by: Agflyer on January 23, 2014, 11:00:00 PM
Post by: Agflyer on January 23, 2014, 11:00:00 PM
I'm a newbie to register on the forums, but a long time peer to peer investor ('06). Would somebody mind sending me an invitation link? Thanks in advance! 
Title: Lending robot
Post by: core on January 23, 2014, 11:00:00 PM
Post by: core on January 23, 2014, 11:00:00 PM
Title: Lending robot
Post by: TravelingPennies on January 23, 2014, 11:00:00 PM
Post by: TravelingPennies on January 23, 2014, 11:00:00 PM
Thanks for the welcome and the intro advice to a fellow pilot. I'll head over there right now!
Title: Lending robot
Post by: ggnoob1337 on January 23, 2014, 11:00:00 PM
Post by: ggnoob1337 on January 23, 2014, 11:00:00 PM
Title: Lending robot
Post by: Rob L on January 23, 2014, 11:00:00 PM
Post by: Rob L on January 23, 2014, 11:00:00 PM
Another pilot chimes in... good luck Agflyer!
Title: Lending robot
Post by: adventurerneil on March 04, 2014, 11:00:00 PM
Post by: adventurerneil on March 04, 2014, 11:00:00 PM