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Messages - kbenson99

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16
Investors - LC / Lending Club Account Earning 26%+ Net Return (Screenshot)
« on: December 10, 2014, 12:00:00 AM »
Using Chrome's developer tools, It is exceedingly simple to change what is shown within the browser.  I'd take what is shown with a grain of salt.
17
Cool feature.  Looks like I'm doing pretty good with my unemployment rate filtering.

18
Investors - LC / "Credit for Ineligible Loan"
« on: November 06, 2014, 12:00:00 AM »
An example note refunded to me is https://www.lendingclub.com/account/loanPerf.action?loan_id=22101306&order_id=36226607&note_id=57454347.  If you attempt to access the performance page or detail page, you will receive a "Sorry, you do not have access to this loan" or an "Invalid Note or Order specified" exception.  Given the exception, it is logical that these are loans (policy code, institutional, etc) that were not supposed to be released to retail investors.

I noticed the exception on Nov 2 and sent LC an email looking for an explanation.  The reply I received was that it was forwarded on to the "appropriate team for further review as it may be related to a system bug".  Haven't received a follow-up on the refund yet.
20
Investors - LC / Occupation = gangboss
« on: November 05, 2014, 12:00:00 AM »
More than probable, the borrower listed gangboss instead of http://en.wikipedia.org/wiki/Stevedore.  Since the location is Washington, the borrower is probably a dock worker, longshoreman, etc.
21
Investors - LC / LC Investor Fees Rounding
« on: October 29, 2014, 11:00:00 PM »
From what I'm seeing, LC is correctly charging the service fees since they fixed the 1% service fee calculation a few months ago.  The payments and service fees shown (before hovering) on https://www.lendingclub.com/account/getLenderActivity.action and each individual note's performance page is a rounded "for display purposes" value.

From yesterday (low number of notes paying), my total payments were 34.9933559593.  Service fee was 0.3499335598.  Before payments posted, my cash value was 67.49, which is a rounded value (LC only shows cash to 2 digits).  I sold one note for 20.01 and incurred a .20 charge.  After payments posted, my cash value was 121.95.

Beginning cash (67.49) + traded note (20.01) - trading charge (.20) + payments (34.9933559593) - service fee (0.3499335598) = 121.9434223995.  This is less than my displayed cash value of 121.95, so it is safe surmise that my beginning cash was fractionally larger than 67.49, which LC doesn't display to us.  Looks correct, or am I missing something?
22
Investors - LC / Calculate your percentile rank vs other LC accounts
« on: October 26, 2014, 11:00:00 PM »
I Folio trade by auto selling notes with FICO scores that have an "adverse" change.  My note age is low due to having dumped a large portion of my portfolio (about 3/4) so I could try a new note selection scheme starting in December / January 2013.  Current number of notes is 1,237.



23
Investors - LC / Monthly FICO Pulls
« on: October 13, 2014, 11:00:00 PM »
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).
24
Investors - LC / Volume Decline? Can It Be True?
« on: September 03, 2014, 11:00:00 PM »
You're missing the inclusion of policy_code 2 loans.

The totals for the 2nd quarter are as follows:

Date    Count   Amount
April         25,246   $326,905,946.10
May         29,097   $350,638,375.70
June        27,835   $328,401,768.67

Amount total of $1,005,946,090.47 matches to what LC is reporting.
25
Investors - LC / Was LoanBrowseLoans Broken This Morning?
« on: August 13, 2014, 11:00:00 PM »
Programmatically, if your using Python, to add the authorization header (assuming that you are using the https://pypi.python.org/pypi/suds package) is as follows:

from suds.client import *
client = Client('https://api.lendingclub.com/ws/1.4?wsdl', headers={'Authorization': 'your api key'})
#to get the loans now simply call the appropriate soap method
loans = client.service.LoanBrowseLoans()
26
Foliofn - LC / Possible to Inflate NAR by Selling on FolioFN?
« on: July 16, 2014, 11:00:00 PM »
You don't even need to use photoshop.  Using Chrome's Developer Tools, you can easily manipulate the displaying of your NAR (blue circle) within the chart (svg).  Simply alter the circle tag with the class attribute value of "point circleMe".  Just for fun, I gave myself a NAR of ~22%....
27
Investors - LC / Obtaining / calculating cash balance via API data
« on: May 08, 2014, 11:00:00 PM »
It's not a field.  It's data that LC is retrieving asynchronously from the server.  For example, on accessing https://www.lendingclub.com/browse/browse.action page, an Ajax call is made to https://www.lendingclub.com/browse/cashBalanceAj.action?rnd=some_random_number to obtain cash balance.

To gain insight into what calls are being made, the easiest way I found is to use Chrome.  For example, on the https://www.lendingclub.com/browse/browse.action page, right mouse click anywhere on the page and select "Inspect element".  Chrome will open a console at the bottom of the page.  Click on the "Network" tab.  Refresh the https://www.lendingclub.com/browse/browse.action page and you'll see all the Ajax calls being made and all the web resources (js, css, etc) being retrieved by the current page.
28
Investors - LC / Payment postings
« on: September 29, 2013, 11:00:00 PM »
Correct, it is only a few pennies as is really not worth my time.  However, with financial transactions, I expect accuracy to be the utmost importance.  I would assume that the double service charge would probably be credited to the my account when the loan is paid off, but I do not want to hold onto a loan just to get the service charge reimbursement.  I do not adhere to the buy and hold policy.  I have an automated process in place which at the first sign of loan being in distress, it gets listed for sale (bye bye).

If the bug was to LC's detriment, it would most probably be fixed already and not be "actively working to resolve this issue" for over 2 months.

I know I am beating a dead horse at this point.
29
Investors - LC / Four clicks required to invest?
« on: July 27, 2013, 11:00:00 PM »
If you have decent technical experience, it is simple enough to write a script that emulates a browser session to filter notes and auto-invest.  The python scripting language is a good choice.
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