Like several of you, I don't know the benefit from having a member's only area for investors. As Dennis said, how much can be altered by the borrower if most investors are relying on credit history and other items that are verified by a third party via a credit pull? Do you really weigh the verbage in a listing that much? Especially considering an increasing number of applicants don't bother putting anything in the description?
I mean, in reality, how many borrowers have sought out Lend Academy, found the forum, and then drilled down into the multitude of investor posts to find some small details about how they describe their loan might benefit their funding or misrepresent their creditworthiness? I'd say slim to none, and slim's out of town...
I mean, in reality, how many borrowers have sought out Lend Academy, found the forum, and then drilled down into the multitude of investor posts to find some small details about how they describe their loan might benefit their funding or misrepresent their creditworthiness? I'd say slim to none, and slim's out of town...