The lat mass FICO pull for already issued notes was 8/21 and I've been pinging my LC Rep. on when the next pull is going to happen. He says that they're going to a new, more automated score updating process next month. As for this month's pull, seems like they may skip it. I pushed back and he said "we never said that we would pull the credit for every loan every month." *sigh* I hope the adults takeover the day-to-day running of LC once they're public.
Are there any statistics regarding FICO drops correlating to defaults? I'm sure there's a correlation, but there are plenty of notes that drop to ~600 credit scores and dig themselves out over time too.
It's clear. However, LC could make our lives much easier by including the monthly FICO pull in the payment history file. Join by MOB.
Anil - can you post a link?
Anyone else notice that a couple of the FICO scores have began to trickle in? Something funky is going on in there system because about 25 notes (not new issues) had a pull out of 600 for me, but the one note I flagged for sale after a large drop isn't showing the updated FICO score on the credit score graph. I hope they get back to 1 pull date and quit trying to fix things that aren't broken.
Most loans are still sitting with a last FICO pull of 8/21/14 and I have a few where the last pull was in July... very, very lame. It would be great if Peter could reach out to LC and get some understanding of the root cause. Hoping this isn't some SEC Quiet Period BS.
A large majority (1045 out of 1195) of notes that I own now have credit pull date of 10/9/14. Hopefully, LC will update on a ongoing monthly basis again without the shenanigans (no update, no notice).
So what file contains the field with the most recent FICO pulls for loans?
Last FICO pulls for loans are in the loan history files found on
https://www.lendingclub.com/info/download-data.action.
For your owned notes, the last FICO pulls are from
https://www.lendingclub.com/account/notesRawDataExtended.action.
I'm seeing some FICO dates of 10/14 too.
The full dates are also in a hidden table called "trend-data" on the Loan Performance page. This is where the pop-up flash animated graph gets its data from when you click on Credit Score Change.
They must have waited until last night to actually modify the file... lots of changes to process!