P2P Lending / NFT Lending Forum

http://www.finalternatives.com/node/23318" class="bbc_link" target="_blank">http://www.finalternatives.com/node/23318

* Growth of institutional investors
* Potential for Whole Loans to be bundled and sold to other institutions
* Institutional investors include pension funds, endowments, offshore entities
* Information on the new team at Prosper
* P2P as an emerging asset class

I find a few users whose posts are particularly insightful, well written, and helpful. Is there a method to search for and read all the posts by user name?

I totally agree with you, Money Tree. Some of the answers on this particular thread did seem better suited to a different thread even though they did provide some good information--just not pertinent to your question. I think you asked a wonderful question, and I hope someone will help both of us.

Edit: Since this thread has been broken and separated from the original thread, the original comments above don't make much sense anymore. But I still agree with the general premise of Money Tree's concern.

I've read lots of comments on here about 10% as a good cutoff, but I've always used less than 15% myself. Great graph to show both these points have good data to support them. Thanks for the work.

I agree with you. It would be great to have a collection of the wisdom of the many great posts on this forum to help guide new P2P investors with a better understanding of the factors involved in this class of assets as well as specific investment strategies.

http://www.linkedin.com/jobs?trk=jobs_search_public_seo_page&jobId=5285963&viewJob=" class="bbc_link" target="_blank">http://www.linkedin.com/jobs?trk=jobs_search_public_seo_page&jobId=5285963&viewJob=

Vice President, Small Business Credit

Job Description
 
Lending Club is looking to hire an innovative, hands-on credit strategy leader who can help drive Lending Club's entry into the Small Business Lending market and create a low friction, high value product for small business customers. The initial focus will be on smaller companies within the Small Business segment.

The VP of Small Business Credit will report to the Chief Risk Officer, and to begin with will not have a team. He or she will be responsible for developing the credit strategy & policy for Lending Club's Small Business products, as well as helping to drive the implementation of new operations and technology to support Small Business customers. The successful candidate with have a passion for launching new products (rather than optimizing existing ones), and a willingness to pitch in and take on a broad range of tasks to drive the business forward. He or she will be expected to work with existing policies and systems were applicable, to achieve objectives as efficiently as possible.

•Create Small Business credit policy and strategy
•Create Small Business collections policy
•Identify data and technology resources required to effectively underwrite small business
•Work with technology and credit operations teams to implement credit policy, application funnel, underwriting process and collections operations
•Contribute to strategy and implementation of new Small Business products
•Assist in negotiation of Small Business partnerships and technology solutions
•Other hands-on work as required to launch Small Business products
 
Desired Skills & Experience Requirements

•8+ years credit policy experience
•Proven expertise in small business credit policy, with experience across the customer lifecycle from modeling to underwriting to servicing 
•Understanding of small business banking/loan/credit market
• A hands-on, results-oriented approach to business with a 'can-do' attitude
•Detail oriented with strong analytical abilities and problem-solving skills
•Excellent oral and written communication, negotiation, and interpersonal skills with demonstrated ability to work effectively with business and technology leaders
•Must be self-directed, able to work independently, as well as work in a team-oriented and fast paced environment

Company Description
 
Lending Club utilizes technology and innovation to reduce the cost of traditional banking and offer borrowers better rates and investors better returns. Over $1.5 billion in personal loans have been issued through the Lending Club platform, which has more than doubled annual loan volume each year since launching in 2007.  The Company has been prominently recognized as a leader for its growth and innovation, including being named one of Forbes' America's Most Promising Companies in 2011 and 2012, a 2012 World Economic Forum Technology Pioneer, and one of The World's 10 Most Innovative Companies in Finance by Fast Company in 2013. Lending Club is based in San Francisco, California. More information is available at: http://www.lendingclub.com" class="bbc_link" target="_blank">http://www.lendingclub.com.

Additional Information

Posted: April 23, 2013
Type: Full-time
Experience: Director
Functions: Finance 
Industries: Financial Services
Job ID: 5285963

+1

Looks like the states with the highest default rates really aren't significant in their number of loans, and of course, as you remove states from your list, you lower the number of loans available to pick from. Actually, it's not all that bad since the vast majority of states are under 4%. Not that 4% default is good, but it seems state selection, in my humble opinion, really doesn't matter as much as does borrower credit characteristics. But it's a great discussion regardless.

+4

For you long term investors, please help a newbie out. Over my five months since becoming aware of LC, opening my account, and reading a great deal of this forum, I've watched the number of notes available drop from 1000+ to only several hundred at most times now.

Clearly we know that LC is growing in volume and number of notes, and I've read comments on this forum about (1) the ability of LC to control the number of notes through advertising and changing of loan requirements; and on the ther hand, (2) the time necessary to fund the notes shortens while the time in review seems to grow. 

Is this just the normal cycle of LC-- grow, get overloaded, catch up, evaluate conditions (macro economics, borrower credit profiles, default rates, etc.), fine tune the system, advertise more, and then grow more?

Over the long run does the number of notes just naturally grow and shrink or is this seeming shortage (to me) something new?

What got me was the obvious mismatch between loan title, purpose and description (as you posted above):

Title:        getland
Purpose: Credit Card Refinancing

But his Interest Radar score is 400/M. Let's hope his repayment history is better than his spelling.

Is there a set schedule when LC updates FICO scores each month?